Peru cenbank chief urges govt to ensure stimulus funds are spent

LIMA, March 14 (Reuters) – The head of Peru‘s central bank on Tuesday praised the government’s plan to increase public investments to spur economic growth ahead of an expected slowdown, but said it must also make sure that allocated funds are actually spent.

Government offices in Peru from large ministries to small municipalities often fail to spend much of their budget due to a weak bureaucracy – stifling sorely needed public works and faster economic growth.

Last week the government…