Peru: Selected Issues Paper
This Selected Issues paper examines application of fiscal framework alternatives to the case of Peru. Although growth has been at historical highs over the last decade, Peru still has an important infrastructure gap and a quarter of its population still lives in poverty. This paper applies illustratively new modified frameworks recently developed by the IMF to the case of Peru. It takes stock of analytical considerations to resource management, and analyzes Peru’s natural resource wealth and the investment climate. The paper also presents results from simulating alternative Permanent Income Hypothesis (PIH) based approaches and expenditure smoothing fiscal rules.
Year of publication: |
2014-01-29
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Institutions: | International Monetary Fund (IMF) ; International Monetary Fund |
Subject: | Fiscal policy | Natural resources | China | Capital flows | Spillovers | Dollarization | Selected issues | Peru | fiscal framework | fiscal sustainability | fiscal rules | structural fiscal | fiscal balance | fiscal adjustment | fiscal targets | fiscal revenue | fiscally sustainable | expenditure growth | primary expenditure | fiscal accounts | taxation | fiscal balances | fiscal revenues | budget constraint | tax rates | fiscal pressures | fiscal objectives | budgetary implications | fiscal surpluses | public spending | tax system | fiscal responsibility | key fiscal indicators | fiscal management | fiscal stance | tax revenue | fiscal affairs | fiscal affairs department | fiscal spending | primary deficit | fiscal regime | fiscal regimes |
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