Peru's Q1 fiscal surplus 6 pct of GDP vs 6.4 pct year ago

domingo 25 de mayo de 2014 10:58 GYT
 

BUENOS AIRES May 25 (Reuters) - Peru had a fiscal surplus of 6 percent of gross domestic product in the first three months of 2014, its central bank said over the weekend, down from 6.4 percent in the same period of 2013.

The performance of state-owned companies improved during the quarter, as did government income, the bank said. But the gains were offset by an increase in non-financial state expenditure.

The fiscal result was reported at a time of slowing economic growth for Peru, the world's No. 3 copper and No. 5 gold producer. The government has cut its 2014 economic growth forecast to 5.7 percent from 6 percent. (Reporting by Marco Aquino; Editing by Mark Potter)