LIMA, Nov 27 (Reuters) - Peru's third-quarter public sector fiscal deficit narrowed to 1.3 percent of quarterly gross domestic product from 3.2 percent in the same period last year as economic growth lifted tax revenues, official data showed on Saturday.
The Andean country's economy is forecast to grow more than 8 percent this year and tax revenues have surged while government spending under last year's stimulus package has been curtailed.
In a statement, the central bank said the country's current account deficit widened to $846 million, or 2.2 percent of GDP, in the third quarter as strong domestic demand pushed up imports.
In the same period a year ago, Peru had a current account surplus of $264 million, or 0.8 percent of GDP.
The country's capital account surplus for the third quarter jumped to $6.67 billion, or 17.3 percent of GDP, reflecting strong inflows of long-term foreign investment.
In the same period a year ago, Peru's capital account had a deficit of $610 million as the global recession slowed foreign investment.
(Reporting by Terry Wade; editing by Mohammad Zargham)
((terry.wade@reuters.com; +51 1 221 2130; Reuters Messaging: terry.wade.reuters.com@reuters.net)) Keywords: PERU ECONOMY/ACCOUNTS (For help: Click 'Contact Us' in your desk top, click here or call 1-800-738-8377 for Reuters Products and 1-888-463-3383 for Thomson products; For client training: training.americas@thomsonreuters.com ; +1 646-223-5546) COPYRIGHT Copyright Thomson Reuters 2010. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
The Andean country's economy is forecast to grow more than 8 percent this year and tax revenues have surged while government spending under last year's stimulus package has been curtailed.
In a statement, the central bank said the country's current account deficit widened to $846 million, or 2.2 percent of GDP, in the third quarter as strong domestic demand pushed up imports.
In the same period a year ago, Peru had a current account surplus of $264 million, or 0.8 percent of GDP.
The country's capital account surplus for the third quarter jumped to $6.67 billion, or 17.3 percent of GDP, reflecting strong inflows of long-term foreign investment.
In the same period a year ago, Peru's capital account had a deficit of $610 million as the global recession slowed foreign investment.
(Reporting by Terry Wade; editing by Mohammad Zargham)
((terry.wade@reuters.com; +51 1 221 2130; Reuters Messaging: terry.wade.reuters.com@reuters.net)) Keywords: PERU ECONOMY/ACCOUNTS (For help: Click 'Contact Us' in your desk top, click here or call 1-800-738-8377 for Reuters Products and 1-888-463-3383 for Thomson products; For client training: training.americas@thomsonreuters.com ; +1 646-223-5546) COPYRIGHT Copyright Thomson Reuters 2010. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.