On Thursday, August 28, the Ministry of Economy and Finance, MEF, published in the Official Gazette the Peruvian finally the multiannual macroeconomic frame 2026-2029, MMM, The central document that establishes the economic and fiscal goals that the next government must faceafter the departure of Dina Boluarte on July 28, 2026.
Now, the Fiscal Council ruled on the document and He pointed to the Government of Dina Boluarte of being very “optimistic” in his vision of the economy for the coming years.
“The MMM contains optimistic economic growth projections for 2025 and 2026 (3.5% and 3.2%, respectively), especially in the context of the next internal electoral process, as well as the current global uncertainty that would have persistent negative effects. An excess of optimism in macroeconomic projections derives in budget allocations based on income estimates that may finally be completedgenerating fiscal unbalances, “says the CF.
In front of the multiannual macroeconomic frame, the Fiscal Council insisted the need for “IMPlement medium -term measures aimed at increasing tax revenues permanently and manage public spending efficiently and responsible. ”
However, the institution also emphasized that, in the short term, The proliferation of laws of the Congress of the Republic that approve tax benefits or generate greater expense is limiteds, given its immediate impact on public finances. As is known, the most recent of these has been the Chlimper 2.0 law, which will benefit agro -exporters with exonerating them up to S/20 Mi million, an amount that Peru would no longer collect.
The CF also warned that, product of the absence of public spending control measures, By 2025 there are high probabilities of breach of fiscal rules that limit the deficitnon -financial spending and current expenditure excluding maintenance, since MMM projections are already in the established limits ..
