Investment in the ministries reached its greatest dynamism in almost two and a half years.
This year has been an important year regarding the amount of investment in different areas of the country’s economy. With exports increasing, free trade agreements boosting international relationships and investments in mining going back to what they were before, 2018 looks like an excellent year for Peruvian economy.
However, it is not only about the private sector when it comes to investment, the national government investment increased 47.8% in November of this year compared to the same month of 2016, registering a consistent increase during six consecutive months and the best expansion rate seen since June 2015 which was 48.4% according to the Central Reserve Bank.
The capital formation of the national government in the eleventh month was mainly focused on investment in road infrastructure projects, potable water and sewerage systems, and agricultural as well as educational infrastructure.
When compared to the same month in 2015, the largest investment in the country was allocated to the Ministry of Transport and Communications at 29%; Housing, Construction, and Sanitation with 467%, Agriculture and Irrigation with 65% and Education with 35%.
The increase in areas related to housing is caused by the “Reconstruction with Changes” plan which has been a product of alerts of seismic activities and the impact suffered by the country earlier this year due to the coastal phenomenon “El Niño”.