Peru: Selected Issues

International Monetary Fund

No 2010/099, IMF Staff Country Reports from International Monetary Fund

Abstract: 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.

Keywords: ISCR; CR; output gap; dollarization; Peru; exchange rate; trend output gap; output gap volatility; calculation of the trend output and output gap; trend growth; dollarization process; Capital inflows; Fiscal rules; Fiscal stance; Credit; Global (search for similar items in EconPapers)
Pages: 74
Date: 2010-04-23
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Citations: View citations in EconPapers (2)

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