PRESS RELEASE

Peru's Energy and Mines Sector executed 93.4% of its budget allocated for 2018

By
Tuesday, January 8, 2019

The Energy and Mines sector executed 93.4% of the budget allocated for the year 2018, becoming one of the ministerial portfolios that led the budget execution ranking of the National Government.

According to the Economic Transparency portal of the Ministry of Economy and Finance (MEF), the Energy and Mines sector had a total allocation of S / 1,656 million, achieving an execution of S / 1,548 million during the past year.

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The budgetary execution of the sector emphasized the capital expenditures associated with the execution of rural electrification projects to shorten the gaps in access to electricity service in the most remote areas of the country, as well as the remediation of Mining Environmental Liabilities ( PAM's) and the implementation of the Social Advancement Fund (FAS).

It should be noted that the budget of the sector was distributed in three Sheets; the Ministry of Energy and Mines (MEM) with an amount of S / 1.512 million, the Peruvian Institute of Nuclear Energy (IPEN) with S / 69 million and the Geological, Mining and Metallurgical Institute (INGEMMET) with S / 75 million allocated.

In this regard, as detailed by the MEM Office of Planning and Budget, the execution of the specifications showed that the Ministry of Energy and Mines invested 95.4% of the total allocated. While the investment in the IPEN and INGEMMET sheets amounted to 59.5% and 84.5%, respectively.

This Ministry of Energy and Mines release was published using an automatic translation system.