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Peru's fiscal deficit this year will be lower than the one recorded in 2017, when it recorded a balance equivalent to 3.2% of PBI said the deputy minister of Economics, Hugo Perea .
"The budget deficit this year will be lower than in 2017 and it is already falling," Perea said.
The economist recalled that the public deficit Annual spending reached 2.2% of GDP in June. "The budget deficit will end a little more this year, but less than in 2017," he said.
While fiscal accounts have weakened in recent years and in 2017, the largest deficit has been recorded. 17, the trend has reversed in the first half of 2018 due to the increase in government revenue, related to the rebound in economic activity.
The government set as a limit a budget deficit of 2.9% for 2018.
EXCHANGE RATE
On the other hand, Perea said that the price dollar is moderately strengthened despite turbulence coming from abroad due to the commercial conflict between United States and China .
"In Peru the weakening of our currency ( Peruvian soil ) was moderate, despite the turbulence" Perea said at a conference.
He explained that the performance of our currency has responded to the good perception of the country's fiscal and monetary policy, which has made it possible to contain the turbulence from the outside that affects emerging economies .
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