Peru: Selected Issues

February 4, 2009

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Format: Chicago

Peru: Selected Issues, (USA: International Monetary Fund, 2009) accessed December 22, 2024

Summary

This Selected Issues paper for Peru shows that during the years of strong growth and high commodity prices, the Peruvian authorities have conducted a prudent fiscal policy, maintaining a broadly neutral fiscal stance. During 2004–08, while the revenue-to-GDP ratio increased 3.7 percentage points, the expenditure ratio rose only 0.9 percentage points. Expenditure control focused on current spending and coincided with increasing government investment aimed at enhancing public access to infrastructure and social services. Fiscal policy has also outperformed budgets approved by congress, owing to higher-than-anticipated revenue, as well as the need to limit inflation pressures.

Subject: Banking, Credit, Currencies, Exchange rates, Fiscal policy, Fiscal stance, Foreign exchange, Money, Poverty

Keywords: Commodity output, CR, Credit, Currencies, Exchange rate, Exchange rates, Fiscal stance, Foreign exchange intervention, Global, Intervention, Intervention function, ISCR, Net-short term position, Peru, Reserve buffer, Revenue capacity

Publication Details

Pages:

54
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2009/041
Stock No:

1PEREA2009002
ISBN:

9781451831184
ISSN:

1934-7685

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