The Peruvian economy is facing a significant fiscal loss amounting to S/27 billion annually, according to a report by the Fiscal Justice Group Peru. This waste is attributed to tax benefits approved by Congress in the last five years, which primarily favor large companies, including those in the mining and agro-export sectors.
Catherine Eyzaguirre, a researcher at the group, points out that the fiscal cost is concentrated in specific sectors. For instance, the textile industry represents a cost of nearly S/3 billion per year, while tax reductions for restaurants add up to S/771 million. Additionally, exemptions for companies in the Historic Center of Lima reach S/200 million.
The report highlights a growing trend in tax spending, which increased from S/12.065 billion in 2011 to S/20.718 billion in 2025. This rise coincides with the approval of 40 tax laws between 2021 and 2025, of which 33 did not have the opinion of the Ministry of Economy and Finance.
The director of the Central Reserve Bank of Peru, Germán Alarco, emphasizes the discrepancy in the country’s tax burden, which stands at 14% of GDP, well below the average of 21.2% in Latin America. This situation limits opportunities for the population, affecting basic services such as health.
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