Peru MEF raises fiscal deficit target to 2.4% for 2027, delays adjustment to 2031

Peru's Ministry of Economy and Finance (MEF) has raised the fiscal deficit target to 2.4% of GDP for 2027 and postponed the fiscal adjustment to 2031, signaling a more expansionary fiscal stance. The package includes bonds for vulnerable families, fuel subsidies, and resources for educational infrastructure and stalled projects, along with liquidity measures for companies affected by external shocks. This marks a deviation from prior consolidation plans, potentially pressuring the sol and raising sovereign risk.

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