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Ministry of Economy and Finance (Peru)

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The Ministry of Economy and Finance (Spanish: Ministerio de Economía y Finanzas, MEF) of Peru is the government ministry responsible for the planning and execution of 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. As of 2024, the minister of Economy and Finance is José Arista [es].

Minister of Economy and Finance
Ministerio de Economía y Finanzas
Incumbent
José Arista
since 13 February 2024
StyleMinister
Reports toPrime Minister of Peru
ResidenceMinistry of Economy and Finance
SeatPalacio de Gobierno
AppointerPresident of Peru
Dina Boluarte
Term lengthAt the President's pleasure
Inaugural holderJosé de San Martín (de facto)
José de la Riva-Agüero y Looz-Corswarem (first to bear the title)
FormationFebruary 28, 1823
SuccessionGeneral Secretary of Economy and Finance
DeputyDeputy Minister of Economy
Deputy Minister of Finance
Websitehttps://www.mef.gob.pe/es/

History

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Ministry of Economy and Finance in Lima

On August 13, 1821, José de San Martín, 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

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The ministry's 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.

Ministers

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Names and date of taking office.[1]

See also

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References

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  1. ^ "Ministerio de Economía y Finanzas - Histórico - Relación de Ministros". www.mef.gob.pe.
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