Peru’s public finances recorded a sharp turnaround in the second quarter of 2026, with the fiscal balance rising to 3.90% of GDP, up from a deficit of -0.40% of GDP in the first quarter of the year. The move from negative to positive territory marks a significant improvement in the country’s budget position within just one quarter.
The shift into surplus in Q2 2026 suggests a combination of stronger revenue collection, tighter spending, or both, compared with the start of the year. While specific drivers were not detailed, the magnitude of the change indicates a notable reinforcement of Peru’s fiscal stance.
The latest figures, updated on 21 August 2026, will be closely watched by investors and analysts assessing Peru’s macroeconomic stability, borrowing needs, and fiscal space for future policy measures in the remainder of 2026.
