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The Government of Peru will have a budget of 47.6 billion dollars by 2018

The budget of the Government of Peru during 2018 will be 157,159 million soles (more than 47,600 million dollars), 10.3% higher than this year, and will emphasize the tasks of reconstruction of the damages caused by the climatic phenomenon of El Niño Costero, reported today an official statement.

Lima, Nov 27 (EFE) .- The budget of the Government of Peru during 2018 will be 157,159 million soles (more than 47,600 million dollars), 10.3% higher than this year's, and will put emphasis in the tasks of reconstruction of the damages caused by the climatic phenomenon of El Niño Costero, informed today an official statement.

The budget was explained before the plenary session. of the Congress by the prime minister, Mercedes Aráoz, who specified that 7,078 million soles (2,144 million dollars) will be allocated to reconstruction, which represent 17% of the resources for capital expenditures.

These resources, he said, will be invested in 13 regions of the country and will be executed by ministries, regional governments and governments local.

Aráoz said that the state budget will give priority to the promotion of the infrastructure linked to the closing of social, productive and sports gaps, and will look for the strengthening on issues of health, education, sanitation, housing and agriculture, and improving citizen security and the fight against corruption.

The head of the Cabinet added that the Efforts in Education will be directed to continue improving the capacities of teachers and principals, the quality of learning and infrastructure, for which 28,038 million will be allocated soles (8,496 million dollars), equivalent to 18% of the total budget.

In Health, a budget of 16,373 million soles (US $ 4,961 million) is planned, which they will mean an increase of 18.7% with respect to this year, for the improvement of the services and the financing of the benefits, as well as the improvement of the remunerations of the workers of the sector.

Aráoz detailed that Transports will go 11,305 million soles (3,425 million dollars) and for the preparation of the Pan American and Parapan American Games of 2019 will allocate 1,637 million soles (496 million dollars).

For Public Order and Security will be delivered 9.722 million soles (2.946 million dollars) and Justice is expected to give resources for 5,364 million soles (1,625 million dollars).

For Sanitation, 6,870 million soles (2,081 million dollars) will be allocated; million soles (733 million dollars), and the agricultural sector 5,340 million soles (1,618 million dollars)

Aráoz stressed that the Government is making "an effort" important "on decentralized spending, allocating 36.903 million soles (11.182 billion dollars) to regional and local governments, which will imply an increase of 9.6% compared to the This year's budget.

"The amount for the year 2018 is the highest in recent years and may be much higher if we consider the resources that will be transferred during the year. of the sectors of the National Government, "she stressed.

The head of the Cabinet said that the Budget Project was sent by the Executive Power to Congress last August, and has as objectives to maintain a responsible fiscal policy, ensuring adequate financing of public services and growth parameters and limits on spending and indebtedness established in the Multiannual Macroeconomic Framework.

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