US EditionPeru’s Fiscal Stability at Risk as Congress Pushes Costly Legislation, Watchdog Says
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Peru’s fiscal stability at risk as Congress pushes costly legislation, watchdog says
LIMA (Reuters) -Peru’s economy has long withstood political upheaval but recently approved legislation could threaten its stability, still seen as a “crown jewel,” officials from an independent fiscal agency said on Tuesday. Alonso Segura, former finance minister and head of the Fiscal Council, an autonomous body that monitors public finances, said Congress has passed 229 laws with adverse fiscal impact since 2021, more than triple the historica…
Tax revenues already exceed S/ 130.2 billion, is it enough to “help” the deficit? Although it is not usual, the situation of Peru's fiscal accounts led to that: the Fiscal Council (CF) held a conference before the press. The reason? There is concern about decisions of the Peruvian state -which are increasing - that have negative fiscal incidences and potential rules in process that could aggravate the situation, summarized Alonso Segura, preside…
229 laws passed by the present Congress of the Republic pose a risk to the economic stability of the country. "There are many potential rules in process that can aggravate the situation," they warn.
The president of the Fiscal Council, Alonso Segura, warned that the legislative avalanche approved by Congress is causing a serious deterioration in public finances. Segura explained to Canal N that the approval of more than 290 rules with significant effects on the budget could compromise the fiscal balance and increase the State's debt. He also pointed out that many of these provisions contain expenses that current and future budgets will not …
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