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Peru Hits Decade-High Public Investment as CADE 2025 Highlights Security Risks to Private Capital

Ipsos polling shows firms remain cautiously willing to invest, signaling resilience despite election uncertainty.

Overview

  • - The Finance Ministry reported S/44,085 million in public investment executed from January to October, the highest in a decade and up 6% year over year, with 62.9% of the annual investment budget disbursed.
  • - Economy Minister Denisse Miralles promoted a national deregulation drive and the Ejecuta+ project-unblocking program, citing more than 3,000 projects assisted and 451 of 660 simplification measures completed.
  • - The government outlined a 2026 budget of S/257,562 million with a fiscal deficit target of 1.8% of GDP, while reiterating a 2025 deficit estimate of 2.2% and growth near 3.5%.
  • - Ipsos-CADE data show executives rank crime and corruption as top problems, with 64% calling insecurity the biggest risk to their companies; only 3% approve Congress, whereas the central bank earns 96% approval.
  • - Despite political uncertainty, 58% of surveyed firms will keep investment plans, executives forecast 3.2% GDP growth in 2026, and panels urged security, regulatory simplification, infrastructure, education and labor flexibility to cut high informality.