The government introduced a supplementary appropriation bill to Congress to fund the economic recovery

This Tuesday, the Executive power introduced to Congress of the Republic Draft Law No. 4482/2022-PE which proposes the approval of various additional credits for more than S/ 8.232 million to finance higher expenditures within the framework of the revival of the family, regional and sectoral economy, as well as other clearances that meet critical requirements.

He Minister of Economy and Finance, Alex Contrerasexplained that this is one of the largest efforts by the state to stimulate the revival of the economy and support its recovery, as well as to respond to other urgent measures, especially in the emergency areas.

Likewise, Contreras explained that a large part of the financing is aimed at activating measures that are part of the axes of reactivation of the family economy and at promoting the regional and sectoral reactivation of the Plan ‘With Punche Peru’.

With regard to the family economy revival axis, the incorporation of more than S/ 2,013 million is requested to finance, among other things, the delivery of food to more than 730,000 citizens in a situation of vulnerability (S / 240 million), the generation of 50,000 temporary jobs (S/ 124 million), and the massive use of natural gas and access to LPG (S/ 350 million). Similarly, 1,000 million shillings are allocated to pay the social debt of over 100,000 teachers nationwide.

For its part, for the axis of revival of the regional economy, S / 2.267 million would be allocated. Said financing allows, among others, the execution of 962 investments of Optimization, Marginal Expansion, Rehabilitation and Replacement (IOARR) at the national level in the health and transport functions for 730 million S/; as well as the funding of 125 fast-track investment projects for S/496 million in various regional and local governments and the authorization to fund other fast-track projects up to S/504 million, which will be approved by supreme decree, for those sub-national. governments that have not benefited so far from the measure.

For its part, the axis related to sectoral reactivation allows the incorporation of S / 225 million to complete the sectoral measures to the devices already approved to promote agriculture and tourism and finance measures to deal with citizen insecurity. .

Similarly, other measures for 178 million shillings would be financed and the addition of 3,548 million shillings to the contingency reserve of the MEF to finance measures such as emergency care due to natural phenomena, economic recovery and other expenses which, by their nature, are unpredictable.

The Minister of Economy and Finance, Alex Contreras, indicated that a package of new measures is being assessed to support the country’s economic recovery and meet the urgent needs of the population in the current context.

“As MEF, we are always attentive to the evolution of the economic situation and we must react quickly to an unexpected change in the economic context and particularly in an emergency context,” said the head of the MEF.