LatinNews Daily - 21 February 2022

In brief: Peru’s fiscal deficit shrinks

* Peru’s central bank (BCRP) has announced that the country’s fiscal deficit fell to 2.6% of GDP in 2021, down from 8.9% of GDP in 2020. The BCRP attributed the deficit reduction to an increased tax take due to rising prices for exported minerals, the recovery of economic activity from the coronavirus (Covid-19) pandemic, and the payment of significant outstanding taxes by companies. The BCRP also noted that a primary surplus among state-owned companies had contributed to the improved balance of payments.

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