{"id":118080,"date":"2021-07-12T22:09:33","date_gmt":"2021-07-12T22:09:33","guid":{"rendered":"https:\/\/fin2me.com\/?p=118080"},"modified":"2021-07-12T22:09:33","modified_gmt":"2021-07-12T22:09:33","slug":"peru-finance-minister-says-vigorous-rebound-caps-need-for-fiscal-splurge","status":"publish","type":"post","link":"https:\/\/fin2me.com\/markets\/peru-finance-minister-says-vigorous-rebound-caps-need-for-fiscal-splurge\/","title":{"rendered":"Peru finance minister says 'vigorous' rebound caps need for fiscal splurge"},"content":{"rendered":"
FILE PHOTO: Houses are seen behind a construction site, in Lima, Peru September 27, 2018. REUTERS\/Guadalupe Pardo<\/figcaption>

LIMA (Reuters) – Peru\u2019s mining-driven economy is set for a \u201cvigorous\u201d rebound this year that should limit the need for the incoming government set to take office on July 28 to open the fiscal spending taps, current Economy Minister Waldo Mendoza said on Monday.<\/p>\n

Peru\u2019s economy will expand by at least 10% this year and 5% the next due to fiscal injections already made, while benefiting from high global prices of commodities including copper, the country\u2019s most important export, Mendoza said.<\/p>\n

The Andean country, the world\u2019s no. 2 copper producer behind Chile, is waiting for socialist Pedro Castillo to be formally confirmed the next president after he narrowly edged out a conservative rival in a June 6 election. He has pledged to hike taxes on mining and increase spending on healthcare and education.<\/p>\n

\u201cWe can grow 10%, 11% and maybe 12% this year without any additional fiscal boost thanks to the recovery of companies that have been supported by large programs of credit, funded with a state guarantee,\u201d Mendoza said at a press conference.<\/p>\n

In comments aimed at the likely new leftist government Mendoza said tax hikes should be made cautiously to avoid impacting the competitiveness of the economy and said his team intended to share proposals with the incoming administration.<\/p>\n

Castillo, a teacher and son of peasant farmers, has rattled the Andean country\u2019s political and business elite with proposals to shake up mining laws and the constitution, though he has of late looked to win over investors with more market-friendly rhetoric.<\/p>\n

\u201cThe temptation to spend more, get into debt, is a temptation that we should not fall into,\u201d said Mendoza. \u201cMacroeconomic stability is necessary, let\u2019s not underestimate it.\u201d<\/p>\n

Mendoza said that the current government will leave \u201cvery solid\u201d public accounts, with international reserves at 36.7% of gross domestic product (GDP) and public debt at 34% of GDP, strong levels compared to neighboring countries in the region.<\/p>\n

\u201cThe external context is terrific,\u201d he said. \u201cIt is an additional boost for the recovery, which is coming along well and is very vigorous.\u201d<\/p>\n

Source: Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

FILE PHOTO: Houses are seen behind a construction site, in Lima, Peru September 27, 2018. REUTERS\/Guadalupe PardoLIMA (Reuters) – Peru\u2019s mining-driven economy is set for […]<\/p>\n","protected":false},"author":3,"featured_media":118079,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"yoast_head":"\nPeru finance minister says 'vigorous' rebound caps need for fiscal splurge - Fin2me<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/fin2me.com\/markets\/peru-finance-minister-says-vigorous-rebound-caps-need-for-fiscal-splurge\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Peru finance minister says 'vigorous' rebound caps need for fiscal splurge - Fin2me\" \/>\n<meta property=\"og:description\" content=\"FILE PHOTO: Houses are seen behind a construction site, in Lima, Peru September 27, 2018. REUTERS\/Guadalupe PardoLIMA (Reuters) – Peru\u2019s mining-driven economy is set for [...]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/fin2me.com\/markets\/peru-finance-minister-says-vigorous-rebound-caps-need-for-fiscal-splurge\/\" \/>\n<meta property=\"og:site_name\" content=\"Fin2me\" \/>\n<meta property=\"article:published_time\" content=\"2021-07-12T22:09:33+00:00\" \/>\n<meta name=\"author\" content=\"Mark\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/fin2me.com\/wp-content\/uploads\/2021\/07\/Peru-finance-minister-says-vigorous-rebound-caps-need-for-fiscal-splurge.jpg\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Mark\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/fin2me.com\/markets\/peru-finance-minister-says-vigorous-rebound-caps-need-for-fiscal-splurge\/\",\"url\":\"https:\/\/fin2me.com\/markets\/peru-finance-minister-says-vigorous-rebound-caps-need-for-fiscal-splurge\/\",\"name\":\"Peru finance minister says 'vigorous' rebound caps need for fiscal splurge - Fin2me\",\"isPartOf\":{\"@id\":\"https:\/\/fin2me.com\/#website\"},\"datePublished\":\"2021-07-12T22:09:33+00:00\",\"dateModified\":\"2021-07-12T22:09:33+00:00\",\"author\":{\"@id\":\"https:\/\/fin2me.com\/#\/schema\/person\/ad0e9920e03d3b41c7ad02a18375d76a\"},\"breadcrumb\":{\"@id\":\"https:\/\/fin2me.com\/markets\/peru-finance-minister-says-vigorous-rebound-caps-need-for-fiscal-splurge\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/fin2me.com\/markets\/peru-finance-minister-says-vigorous-rebound-caps-need-for-fiscal-splurge\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/fin2me.com\/markets\/peru-finance-minister-says-vigorous-rebound-caps-need-for-fiscal-splurge\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/fin2me.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Markets\",\"item\":\"https:\/\/fin2me.com\/category\/markets\/\"},{\"@type\":\"ListItem\",\"position\":3,\"name\":\"Peru finance minister says 'vigorous' rebound caps need for fiscal splurge\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/fin2me.com\/#website\",\"url\":\"https:\/\/fin2me.com\/\",\"name\":\"Fin2me\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/fin2me.com\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/fin2me.com\/#\/schema\/person\/ad0e9920e03d3b41c7ad02a18375d76a\",\"name\":\"Mark\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/fin2me.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/39b72719fb75a2d3c7d7695026648602?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/39b72719fb75a2d3c7d7695026648602?s=96&d=mm&r=g\",\"caption\":\"Mark\"}}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Peru finance minister says 'vigorous' rebound caps need for fiscal splurge - Fin2me","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/fin2me.com\/markets\/peru-finance-minister-says-vigorous-rebound-caps-need-for-fiscal-splurge\/","og_locale":"en_US","og_type":"article","og_title":"Peru finance minister says 'vigorous' rebound caps need for fiscal splurge - Fin2me","og_description":"FILE PHOTO: Houses are seen behind a construction site, in Lima, Peru September 27, 2018. REUTERS\/Guadalupe PardoLIMA (Reuters) – Peru\u2019s mining-driven economy is set for [...]","og_url":"https:\/\/fin2me.com\/markets\/peru-finance-minister-says-vigorous-rebound-caps-need-for-fiscal-splurge\/","og_site_name":"Fin2me","article_published_time":"2021-07-12T22:09:33+00:00","author":"Mark","twitter_card":"summary_large_image","twitter_image":"https:\/\/fin2me.com\/wp-content\/uploads\/2021\/07\/Peru-finance-minister-says-vigorous-rebound-caps-need-for-fiscal-splurge.jpg","twitter_misc":{"Written by":"Mark","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/fin2me.com\/markets\/peru-finance-minister-says-vigorous-rebound-caps-need-for-fiscal-splurge\/","url":"https:\/\/fin2me.com\/markets\/peru-finance-minister-says-vigorous-rebound-caps-need-for-fiscal-splurge\/","name":"Peru finance minister says 'vigorous' rebound caps need for fiscal splurge - Fin2me","isPartOf":{"@id":"https:\/\/fin2me.com\/#website"},"datePublished":"2021-07-12T22:09:33+00:00","dateModified":"2021-07-12T22:09:33+00:00","author":{"@id":"https:\/\/fin2me.com\/#\/schema\/person\/ad0e9920e03d3b41c7ad02a18375d76a"},"breadcrumb":{"@id":"https:\/\/fin2me.com\/markets\/peru-finance-minister-says-vigorous-rebound-caps-need-for-fiscal-splurge\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/fin2me.com\/markets\/peru-finance-minister-says-vigorous-rebound-caps-need-for-fiscal-splurge\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/fin2me.com\/markets\/peru-finance-minister-says-vigorous-rebound-caps-need-for-fiscal-splurge\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/fin2me.com\/"},{"@type":"ListItem","position":2,"name":"Markets","item":"https:\/\/fin2me.com\/category\/markets\/"},{"@type":"ListItem","position":3,"name":"Peru finance minister says 'vigorous' rebound caps need for fiscal splurge"}]},{"@type":"WebSite","@id":"https:\/\/fin2me.com\/#website","url":"https:\/\/fin2me.com\/","name":"Fin2me","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/fin2me.com\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/fin2me.com\/#\/schema\/person\/ad0e9920e03d3b41c7ad02a18375d76a","name":"Mark","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/fin2me.com\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/39b72719fb75a2d3c7d7695026648602?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/39b72719fb75a2d3c7d7695026648602?s=96&d=mm&r=g","caption":"Mark"}}]}},"_links":{"self":[{"href":"https:\/\/fin2me.com\/wp-json\/wp\/v2\/posts\/118080"}],"collection":[{"href":"https:\/\/fin2me.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/fin2me.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/fin2me.com\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/fin2me.com\/wp-json\/wp\/v2\/comments?post=118080"}],"version-history":[{"count":0,"href":"https:\/\/fin2me.com\/wp-json\/wp\/v2\/posts\/118080\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/fin2me.com\/wp-json\/wp\/v2\/media\/118079"}],"wp:attachment":[{"href":"https:\/\/fin2me.com\/wp-json\/wp\/v2\/media?parent=118080"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/fin2me.com\/wp-json\/wp\/v2\/categories?post=118080"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/fin2me.com\/wp-json\/wp\/v2\/tags?post=118080"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}