New Peru President Assumes Post, Vows to Defend Fiscal Stability
- Alva said to be considering offer of finance minister post
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Peru’s new interim leader vowed to defend fiscal stability in the face of demands for higher government spending, signaling he’ll resist populist economic measures from congress.
The pandemic has diminished fiscal reserves and the government will have “enormous” difficulty balancing the budget, President Francisco Sagasti said in a speech to lawmakers Tuesday. His administration will address the most urgent demands while respecting fiscal stability. “If we don’t, we all lose,” he said.