Investment in public works in the first month of 2020 registered the lowest levels in the last ten years. In January, the Treasury invested just USD 33 million in state projects.
Although the decrease in investment was marked since 2015 this would be the lowest figure recorded in the months of January of the last 10 years.
According to the National Chamber of Small Businesses (Canape), investment in state work is the one that generates the most employment and dynamism in the economy, and is of special importance for small businesses.
Given this, they ask the Government to create a “great agreement” to boost private investment and thereby compensate for the contraction of the item in the public sector.
It should be remembered that for this year the Ministry of Finance projected an investment of USD 3,624 million dollars to projects; that is, USD 400 million more than last year.
In addition, this increase is part of the commitments established with the International Monetary Fund (IMF), last December.
Source: El Comercio
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