Fiscal Council warns that recent Congressional laws would affect revenue collection and increase public spending

Portfolio analyzed which sectors and projects have been most affected by the financial deficit.

Peru is preparing to “block” 10 private economic zones: where should they be settled? The Fiscal Council (CF) issued a statement when it considered it appropriate to warn about the detrimental impact of four bills recently passed in the Congress of the Republic. These affect the fiscal strengths of the country, eroding the tax base, increasing public spending and accentuating rigidities in the public budget, in the short, medium and long term.

The Fiscal Council (CF) warned about a group of laws passed by Congress, pointing out that these could weaken the country's public finances, reduce tax collection and generate greater rigidity in the national budget. Through a statement, the CF warned that four bills, approved mostly on the eve of Easter, could have a high fiscal impact.These rules include:The creation of a special tax framework for the Special Private Economic Zones (ZEEP), wit…