Overview
- Argentina’s national execution fell about 29% in real terms versus 2023, while the intelligence secretariat’s execution rose 52% and public‑debt services accounted for roughly 8% of total spending, according to CEPA.
- Health, education, science, social programs, and public works posted steep falls, with some lines at or near 100% non‑execution, and transfers to provinces and municipalities collapsed in multiple programs.
- Peru’s 2025 public investment reached S/60,419 million, yet 8,991 projects—about 14% of those with budgets—recorded zero execution, concentrated at local governments and in transport, sanitation, and education.
- The 10 largest Peruvian projects with zero execution total S/2,797 million, including a S/236 million hospital in Puno that has shown no progress since 2019 and only 1% accumulated execution.
- CPC and REDES analyses highlight stock‑management failures: 60% of zero‑execution projects have no historical spending and thousands of unfinished projects carry S/34,116 million in costs with roughly 5% devengado, meaning headline execution rates can mask persistent bottlenecks.