Fiscal Balance in Peru

Peru Fiscal Balance | Economic News & Forecasts

Peru - Fiscal Balance

President Martin Vizcarra swore in Salvador del Solar as his new prime minister on 11 March, following the resignation of César Villanueva, likely due to Vizcarra’s languishing approval ratings. Analysts expect the move to be followed by a further shake-up in the cabinet. Political turbulence comes against a backdrop of solid economic data. GDP growth jumped in Q4 2018, powered by a notable turnaround in external demand and a significant acceleration in domestic demand. The improved economic performance in 2018 translated into a noteworthy increase in tax revenue in the year, which contributed to a reduction in the fiscal deficit. Moreover, the economy appears to have remained on a solid footing at the outset of 2019: In January, tax revenue continued to rise robustly and credit growth remained buoyant. Moreover, consumer confidence rebounded strongly in February, and business confidence was upbeat in January-February.

Peru - Fiscal Balance Data

2013  2014  2015  2016  2017  
Fiscal Balance (% of GDP)0.9  -0.3  -2.1  -2.6  -3.2  

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Peru Facts

ValueChangeDate
Bond Yield5.43-0.60 %Oct 15
Exchange Rate3.31-0.06 %Mar 11
Stock Market20,661-0.23 %Mar 11

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