📋 Tender Overview
Faced with the complex international context in order to continue promoting investment and the recovery of confidence in the country Economy Minister Kurt Burneo today announced ten new measures to be adopted as part of the Peru Impulse Plan aimed at promoting private investment and fostering formal employment. We are trying to boost economic activity accelerate growth and continue with the pending social agenda. If we are successful in reactivating the economy the demand for employment is reactivated and tax collection is increased without modifying the rates said Minister Burneo. Among the new announcements to boost economic activity extraordinary measures are considered to accelerate and promote private investment through mechanisms that facilitate and encourage the execution of projects and allow promoting liquidity by reducing costs for companies that make investments. Thus a modification of the Early Recovery Regime of the general sales tax IGV is proposed which grants financial relief to companies in their pre-operational stage and an accelerated depreciation regime for machinery and equipment for activities associated with textiles clothing and footwear which will encourage private investment. Likewise promotion measures will be implemented in the aquaculture and forestry sectors the extension of the special income tax treatment granted to Real Estate Income Investment Funds FIRBI to promote the real estate sector as well as the impulse to the naval industry and the Mypes. In order to promote formal work an additional temporary deduction of 50 of the cost will be granted for one year of hiring new workers. The measure will be focused on those workers with a monthly remuneration of less than S 1700 and is aimed at companies under the general regime and Mype Tax regime. This measure would reach 804000 companies and generate up to 180000 jobs. To reduce the impact of the price of domestic gas on the most vulnerable sectors the temporary extension of the FISE discount voucher program for 10 kg gas cylinders is proposed. As of 2023 without this measure the value of this voucher would return from S25 to S20. On the other hand it was announced that a measure already implemented was the stabilization of the diesel band of the Fuel Price Stabilization Fund FEPC until the end of 2022 which prevents an increase of almost S 2.0 per gallon of fuel. diesel between November and December mitigating the volatility of fuel prices. Impulso Peru has a dynamic structure which considers the incorporation of measures as required because although there are important signs that improvements are being generated in our economy there are still latent risks to consider. It has 3 axes which are aimed at boosting private investment accelerating public investment and restoring confidence. Peru Impulse BalanceAs part of the Peru Impulse Plan to date the Executive has published and implemented 24 legal provisions and action measures that have allowed the gradual recovery of economic growth. Among the legal devices published are laws supreme decrees ministerial resolutions directorial resolutions management measures among others. Likewise 11 bills have been approved by the Council of Ministers and have been sent to the Congress of the Republic which to date are pending discussion and approval. The implementation of these measures is the product of the multisectoral work of the different sectors and public institutions. This is not an easy job there has been dedication from different instances of the MEF and also the involvement of other sectors said Burneo. The Impulso Per plan and its implementation within the framework of a responsible administration of public finances will contribute to the recovery of the expectations of economic agents which have been showing slight growth since August. Furthermore at the local level leading indicators of economic activity are recovering as well. In particular public investment has been registering 7 months of consecutive growth and reached a growth of 44.3 in October 2022 reaching a historical maximum S 32463 million. There are indicative signs of improvements in our economy. There are new announcements and ratification of important investment projects especially in the mining sector. There is a gradual recovery of the growth of the economy there is a ratification of the macroeconomic solidity which is associated with respecting the fiscal deficit ceilings and keeping the debt ratios low emphasized the Minister of Economy. In the axis of acceleration of public investment management measures have been implemented for the continuous and decentralized support of regional municipal and local government authorities for which a prioritized investment technical assistance portfolio has been approved and appointed public investment specialists for support and assistance. Measures were also taken for the continuity of public investments. Support for vulnerable familiesImpulso Per is a plan that not only focuses on promoting investment and economic growth but above all includes measures that directly impact the vulnerable population. Thus the S 270 food voucher was approved for more than 4.2 million Peruvians in poverty as well as a FISE discount voucher for 10 kg gas cylinders and alleviate the impact of LPG prices. . In the labor field a project was approved for a Temporary Employment Program for the hiring of young people with salaries up to S 1600 encouraging the reactivation of small and medium-sized companies. To alleviate the increase in rates that directly affect the populations pocket a subsidy was approved for the electricity rate to relieve at least 5 million vulnerable households for three months as well as an economic subsidy in favor of public transport providers.
