Peru : Selected Issues

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.
Publication date: April 2010
ISBN: 9781455206674
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Economics- Macroeconomics , fiscal rules , fiscal variables , primary balance , fiscal rule

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