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Reuters
Reuters
Business

EXPLAINED: Peru government proposes 9 budget increase for 2023 | Vintage Vibes

LIMA - The Peruvian government presented its 2023 budget plan to Congress Friday, proposing a 9% increase from this year's initial budget to 215 billion soles ($55.93 billion).

According to the proposal, published on Congress' website, the government estimates economic growth of 3.5% next year, as announced Thursday by the minister of economy and finance, Kurt Burneo. 

Burneo has said that he is planning measures aimed at reviving private spending, increasing public investment and rebuilding investors' confidence in the country.

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