Regulatory Alerts2026-05-22
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Study Note No. 35: Non-Financial Public Sector Operations - April 2026
The Central Reserve Bank of Peru reports that the annual fiscal deficit decreased from 2.1% to 1.9% of GDP in April 2026, driven by a 25.0% year-on-year surge in general government current revenues. This revenue growth, fueled by higher economic activity, favorable export prices, and central bank profit transfers, more than offset a 19.0% increase in non-financial expenditures, particularly in current spending and capital formation. Consequently, the non-financial public sector recorded a seasonal surplus of S/ 10.1 billion in April 2026, marking a significant improvement over the previous year.
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