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Peru to Increase Public Spending

Dec 10, 2008

Peru's president Alan Garcia has announced a plan to increase government spending by PES10bn. In addition, $3bn has been...

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"[While] it’s good to build more infrastructure and increase investment, you have to be conscious about the macro effects of too big an increase in domestic demand, including of course public expenditure."

Julio Velarde, Peru central bank


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