Peru hit its fiscal target in 2025 for the first time in three years. But now a stricter goal is weighing on an economy that could grow faster with a less stringent cap on deficits, according to its finance minister.
“We think that if we can revise the fiscal target, we could make an effort to grow more,” Finance Minister Denisse Miralles told Bloomberg News in an interview Thursday, on the sidelines of the Latin America and Caribbean International Economic Forum in Panama. “We need a fiscal deficit target that will not choke us.”
Peru is aiming to limit its ...