Peru lays out 2015 debt plans

Peru lays out 2015 debt plans

Peru Bonds Economy & Policy Corporate & Sovereign Strategy

Peru plans to raise $2.16bn outside the country and PEN7.5bn ($2.4bn) locally to finance its 2015 budget, the finance ministry said on Thursday. The budget calls for a 15% increase in public spending, to PEN130.6bn. The government expects 6% growth next year, up from the 4.2% forecast for 2014. That would help debt to come down to 17.7% of GDP in 2017, from 19.6% in 2013. Fitch noted that economic growth slowed to 1.7% in the first quarter, but said the economy may pick up thanks in part to mini

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