August 30, 2006
Peru recorded a fiscal surplus in the first half of the year of 4.8% of GDP
Peru recorded a fiscal surplus in the first half of the year of 4.8% of GDP, compared with a surplus of 2.5% of GDP for the same period last year. The increase in the surplus, which reached $2.16 billion, was a result of a rise of 24% in revenues during the period against a rise of only 9.8% in expenses. Meanwhile, July figures showed a surplus of $48.9 million, versus a deficit of $184 million in July last year, and takes the fiscal surplus for the year through July to $2.42 billion.