01694cas a2200241 a 4500 AALejournalIMF005608 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451831184 1934-7685 BD-DhAAL BD-DhAAL International Monetary Fund. Peru : Selected Issues. Washington, D.C. : International Monetary Fund, 2009. 1 online resource (54 pages) IMF Staff Country Reports <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students This Selected Issues paper for Peru shows that during the years of strong growth and high commodity prices, the Peruvian authorities have conducted a prudent fiscal policy, maintaining a broadly neutral fiscal stance. During 2004-08, while the revenue-to-GDP ratio increased 3.7 percentage points, the expenditure ratio rose only 0.9 percentage points. Expenditure control focused on current spending and coincided with increasing government investment aimed at enhancing public access to infrastructure and social services. Fiscal policy has also outperformed budgets approved by congress, owing to higher-than-anticipated revenue, as well as the need to limit inflation pressures. Mode of access: Internet IMF Staff Country Reports; Country Report ; No. 2009/041 Full text available on IMF http://elibrary.imf.org/view/journals/002/2009/041/002.2009.issue-041-en.xml IMF e-Library