Peru to Boost Fiscal Stimulus by 2 Billion Soles, Peruano Says

Peru’s government will increase its economic stimulus package by 2 billion soles ($758 million) to offset the effects of the euro zone’s debt crisis, El Peruano reported, citing Finance Minister Miguel Castilla.

The funds will be spent on infrastructure projects and maintenance and two-thirds will be used this year, Castilla said, according to the state-owned newspaper.

The government also extended the duration of stimulus measures announced in September and October, El Peruano reported.

To contact the reporter on this story: John Quigley in Lima at jquigley8@bloomberg.net.

To contact the editor responsible for this story: Joshua Goodman at jgoodman19@bloomberg.net.

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