European Parliament Library

Peru :, Selected Issues

This Selected Issues paper for Peru shows that during the years of strong growth and high commodity prices, the Peruvian authorities have conducted a prudent fiscal policy, maintaining a broadly neutral fiscal stance. During 2004–08, while the revenue-to-GDP ratio increased 3.7 percentage points, the expenditure ratio rose only 0.9 percentage points. Expenditure control focused on current spending and coincided with increasing government investment aimed at enhancing public access to infrastructure and social services. Fiscal policy has also outperformed budgets approved by congress, owing to higher-than-anticipated revenue, as well as the need to limit inflation pressures
Table Of Contents
Cover; Contents; I. Macroeconomic Stability and the Role of Fiscal Policy; Figures; I. 1. Government Revenue, Expenditure, and Fiscal Impulse, 2004-08; 2. Raw-Materials Demand Shock and Fiscal Policy Cyclicality; II. Disentangling the Motives for Foreign Exchange Intervention in Peru; II. 1. Foreign Exchange Intervention and Nominal Exchange Rate; A. A Look at the Motives for Intervention Over the Broader Horizon; 2. Intervention Response Due to Smoothing and Precautionary Motives; 3. Foreign Exchange Intervention and Precautionary Motive; 4. Autonomy and Persistence of Intervention
Literary Form
non fiction
Description based upon print version of record
Physical Description
1 online resource (55 p.)
Specific Material Designation
Form Of Item

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