Peru: Selected Issues
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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.
Series:
Country Report No. 2010/099
Subject:
Balance of payments Capital inflows Credit Expenditure Fiscal policy Fiscal rules Fiscal stance Money
English
Publication Date:
April 23, 2010
ISBN/ISSN:
9781455206674/1934-7685
Stock No:
1PEREA2010002
Pages:
74
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