Ministry of Economy and Finance (Peru)
Encyclopedia
The Ministry of Economy and Finance of Peru is the entity in charge of the planning and execution of the economic policies of the Peruvian Government
with the goal of optimizing the economic and financial activities of the state, establish macroeconomic activity, and achieve the sustainable growth of the nation's economy. Its headquarters is located in Lima
. The current Minister of Economy and Finance is Luis Miguel Castilla
.
, president of Peru, created the General Secretariat of Finance along with the Chancellery, and the War and Navy Department. The first minister of Finance was Hipólito Unanue.
On March 2, 1969 the fundamental law of the Ministry of Finance, Law Decree Nº 17521, which gave the basis for the structure and function of the Ministry of Finance and on June 13, 1969 its name was changed to the current Ministry of Economy and Finance.
By the Law Decree Nº 23123 of July 9, 1980, the name of the ministry was changed again to the Ministry of the Economy Finance and Commerce and it was incorporated into the State Department of Commerce which belonged to the Ministry of Industry, Commerce, Tourism, and Integration. On January 30, 1985 the name was changed back to what it is today.
Government of Peru
Peru is a presidential representative democratic republic with a multi-party system. Under the current constitution, the President is the head of state and government; he or she is elected for five years and cannot seek immediate re-election, he or she must stand down for at least one full...
with the goal of optimizing the economic and financial activities of the state, establish macroeconomic activity, and achieve the sustainable growth of the nation's economy. Its headquarters is located in Lima
Lima
Lima is the capital and the largest city of Peru. It is located in the valleys of the Chillón, Rímac and Lurín rivers, in the central part of the country, on a desert coast overlooking the Pacific Ocean. Together with the seaport of Callao, it forms a contiguous urban area known as the Lima...
. The current Minister of Economy and Finance is Luis Miguel Castilla
Miguel Castilla
Luis Miguel Castilla Rubio is a Peruvian economist and politician. He is the incumbent Minister of Economy and Finance of Peru, serving under President Ollanta Humala.Educated in North America, and bilingual in Spanish and English, Miguel Castilla holds a B.A...
.
History
On August 13, 1821, José de San MartínJosé de San Martín
José Francisco de San Martín, known simply as Don José de San Martín , was an Argentine general and the prime leader of the southern part of South America's successful struggle for independence from Spain.Born in Yapeyú, Corrientes , he left his mother country at the...
, president of Peru, created the General Secretariat of Finance along with the Chancellery, and the War and Navy Department. The first minister of Finance was Hipólito Unanue.
On March 2, 1969 the fundamental law of the Ministry of Finance, Law Decree Nº 17521, which gave the basis for the structure and function of the Ministry of Finance and on June 13, 1969 its name was changed to the current Ministry of Economy and Finance.
By the Law Decree Nº 23123 of July 9, 1980, the name of the ministry was changed again to the Ministry of the Economy Finance and Commerce and it was incorporated into the State Department of Commerce which belonged to the Ministry of Industry, Commerce, Tourism, and Integration. On January 30, 1985 the name was changed back to what it is today.
Functions
The ministries main functions are:- To plan, direct, and control affairs relating to fiscal policy, finance, debt, budget and treasury.
- To plan, direct, and control the policies of State-run financial agencies as well as harmonize economic activity.
- To plan direct and control affairs related to tariffs.
- Efficiently manage the public resources of the government.