Peru: Selected Issues

April 23, 2010

Preview Citation

Format: Chicago

Peru: Selected Issues, (USA: International Monetary Fund, 2010) accessed September 20, 2024

Summary

This paper assesses the performance of Peru’s alternative fiscal rules in supporting medium-term fiscal policy objectives. Peru has shown steady fiscal surpluses and declining debt vulnerabilities. Subnational government constrains to borrow internationally have been relaxed, which could become a concern in the future. Current debt levels are already low, which may allow the authorities to move quicker toward a structural balance rule, or even propose a small structural deficit, without jeopardizing debt sustainability.

Subject: Balance of payments, Capital inflows, Credit, Expenditure, Fiscal policy, Fiscal rules, Fiscal stance, Money

Keywords: Calculation of the trend output and output gap, Capital inflows, CR, Credit, Dollarization, Dollarization process, Exchange rate, Fiscal rules, Fiscal stance, Global, ISCR, Output gap, Output gap volatility, Peru, Trend growth, Trend output gap

Publication Details

Pages:

74
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2010/099
Stock No:

1PEREA2010002
ISBN:

9781455206674
ISSN:

1934-7685

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