News & Analysis

Mining production up, tax contribution down

According to figures from Sunat, the tax authority, government revenues from mining declined in the first six months by 54% in real terms. They totalled 14.4 billion soles in the first half of 2022, but only 7.2 billion this year. The industry contributes through...

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Congress ratifies commission presidencies

Following the election of a new standing committee (mesa directiva) in Congress on 26 July, this last week saw the selection of parties to preside over the 24 congressional commissions that play a key role in the formulation of legislation. The division reflected the...

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Peru heads into recession, technically defined

Economy and Finance Minister Alex Contreras confirmed this week that Peru may be heading into a technical recession on estimating that GDP will have contracted by 1% in June. GDP contracted in the first quarter and looks more than likely to do so again in the second....

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