Using Peruvian taxes responsibly
Using Peruvian taxes responsiblyA state must be able to mobilise tax revenues and use them transparently. SECO supports Peru in this endeavour.
The quality of public finances determines how a country shapes
its business environment, and whether it can offer its population and its
companies functioning basic services and reduce inequality.
Mismanagement, short-term planning and corruption give
taxpayers reason to mistrust the government and to refrain from fulfilling
their tax obligation. SECO helps government administrations plan their
investments thoroughly, improve their public procurement systems, and make them
more transparent.
The example Peru: the country’s economy has grown rapidly
over the past few years. This has opened up opportunities for the government to
better supply its citizens with basic services, for example in the areas of
education, health, water supply, waste management, public transport and
security.
In Peru, regional and local authorities spend more than 40
percent of all public funds. They are expected to manage their finances
reliably and transparently and to use them in line with national priorities and
local strategies. SECO’s Subnational Public Finance Management Strengthening
Programme helps them to do this.
For instance, hundreds of employees in the public sector have completed specialist degrees in managing public finances. Public prosecutors, investigators and members of the judiciary received training on how to track down stolen public assets and investigate accusations of corruption.
Hamilton Castro
Public Prosecutor, Expert in asset recovery, Lima
Solid public finances and good governance boost the
government’s credibility and strengthen the trust of citizens and companies in
public institutions. They are willing to pay taxes for services. Today, Peru is
one of the few countries in Latin America that regularly boasts a budget surplus.
Growth-promoting economic policy
Growth-promoting economic policy
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Using Peruvian taxes responsibly
