Ministry of Economy and Finance (Peru)
Ministerio de Economía y Finanzas | |
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Agency overview | |
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Formed | February 28, 1823 |
Type | Ministry |
Jurisdiction | Peru |
Headquarters | Jirón Junín 319, Lima, Peru |
Agency executive |
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Website | Official website |
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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.
The current Minister of Economy and Finance is José Salardi , serving since 31 January 2025.[1]
History
[edit]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.[2] On March 21, 1824, Simón Bolívar issued a decree in Trujillo reducing the three ministries to a single one, which would become the General Secretariat of Affairs of the Peruvian Republic (Secretaría General de los Negocios de la República Peruana), under Colonel José Gabriel Pérez. However, shortly thereafter, the Governing Junta repealed the decree, reestablishing the three ministries.[3]
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.
Organisation
[edit]- Dependent on the Vice Minister of Finance:
- Directorate-General of Public Budget: Director of the National Public Budget Administrative System, with technical and regulatory authority at the national level, responsible for programming, directing, coordinating, controlling, and evaluating the management of the public sector budget process. It reports directly to the Deputy Minister of Finance.
- Directorate-General of Public Accounting: The governing body of the National Administrative Accounting System, with technical and regulatory authority at the national level, responsible for issuing standards and establishing procedures related to its scope and ensuring their proper application, as well as preparing the General Accounting of the Republic and fiscal statistics. It reports directly to the Deputy Minister of Finance.
- Directorate-General of Public Debt and Treasury: Director of the National Public Debt Administration System and the National Treasury Administration System, with technical and regulatory authority at the national level; responsible for proposing policies and designing standards and procedures for the integrated management of financial assets and liabilities, including the regulation of the handling of public funds and public debt.
- Directorate-General of Public Resources Management: Responsible for conducting fiscal and financial analyses of proposed measures related to public sector remuneration and social security, and for formulating and proposing public policies on procurement, payroll management, and non-financial asset management, with the aim of promoting improved public management, in coordination with relevant public entities and in accordance with current regulations.
- Dependent on the Vice Minister of Economy:
- Directorate-General of Macroeconomic Policy: Responsible for directing and coordinating the process of formulating the Multiannual Macroeconomic Framework.
- Directorate-General of Public Revenue Policy: Responsible for evaluating, formulating, and proposing tax policy to simplify, restructure, and optimize the tax system and improve revenue collection at different levels of government; and for non-tax public revenue policy from the exploitation of natural resources and taxes allocated to regional and local governments.
- Directorate-General of Public Investment: Responsible for designing policy guidelines for public investment. It also oversees the National Public Investment System (SNIP).
- Directorate-General for Fiscal Decentralization and Social Affairs: Responsible for formulating and proposing policy, regulations, and other regulatory instruments, within its jurisdiction, related to fiscal decentralization within the framework of macroeconomic policy.
- Directorate-General for the Development of Private Financial, Labor, and Social Security Markets: Responsible for proposing, directing, and formulating, within its scope of competence, measures to promote policies for the development of private financial, labor, and social security markets.
- Directorate-General for International Economic Affairs, Competition and Productivity: Responsible for proposing, directing and formulating policy measures within its sphere of competence in the areas of foreign trade, competition and regulatory quality, as well as ensuring the consistency of economic integration processes with general economic policy.
Entities administered by the ministry include:
- Agencia de Promoción de la Inversión Privada (PROINVERSIÓN)
- Organismo Supervisor de las Contrataciones del Estado (OSCE)
- Superintendencia del Mercado de Valores (SMV)
- Superintendencia Nacional de Aduanas y de Administración Tributaria (SUNAT)
- Fondo Nacional de Financiamiento de la Actividad Empresarial del Estado (FONAFE)
- Banco de la Nación (BN)
- Oficina de Normalización Previsional (ONP)
List of ministers
[edit]Name | Party | Period | |
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Term start | Term end | ||
Ministers of Ministers of Finance and Trade (1821–1969)
| |||
Hipólito Unanue | — | August 3, 1821 | |
Dionisio Vizcarra | — | June 23, 1823 | |
Hipólito Unanue | — | September 24, 1823 | |
José de Espinar | — | February 19, 1824 | |
José Faustino Sánchez Carrión | — | April 1, 1824 | |
Hipólito Unanue | — | October 28, 1824 | |
José María Pando de la Riva | — | March 8, 1825 | |
Juan Salazar | — | May 20, 1835 | |
José de Larrea y Loredo | — | July 20, 1825 | |
José María Pando de la Riva | — | May 8, 1826 | |
José de Larrea y Loredo | — | July 28, 1826 | |
José María Galdeano y Mendoza | — | February 10, 1827 | |
José de Morales y Ugalde | — | February 12, 1827 | |
Francisco Javier Mariátegui y Tellería | — | June 24, 1827 | |
Manuel Gaspar de Rosas | — | June 10, 1828 | |
José Gregorio Paredes | — | June 20, 1828 | |
Dionisio Vizcarra | — | ||
Lorenzo Bazo | — | June 6, 1829 | |
José de Larrea y Loredo | — | December 1, 1829 | |
Manuel del Río | — | June 20, 1830 | |
José María Pando de la Riva | — | July 21, 1830 | |
Manuel Pérez de Tudela | — | December 20, 1831 | |
Manuel Gaspar de Rosas | — | October 29, 1832 | |
Manuel del Río | — | November 12, 1832 | |
Joaquín de Arrece | — | November 22, 1832 | |
Andrés Martínez de Orihuela | — | January 3, 1833 | |
José Villa | — | December 21, 1833 | |
Andrés Martínez de Orihuela | — | January 4, 1834 | |
José Villa | — | January 24, 1834 | |
Ildefonso Zavala | — | March 1, 1834 | |
José de Mendiburú | — | March 29, 1834 | |
José Villa | — | May 6, 1834 | |
José de Mendiburú | — | July 5, 1834 | |
Ildefonso Zavala | — | October 22, 1834 | |
José de Mendiburú | — | February 25, 1835 | |
Domingo Espinar | — | February 27, 1835 | |
Bonifacio de Lazarte | — | April 13, 1835 | |
José de Mendiburú | — | May 20, 1835 | |
José Braulio del Camporredondo | — | July 16, 1835 | |
Joaquín de Arrece | — | September 12, 1835 | |
Andrés Martínez (Secretary-General) | — | October 9, 1835 | |
Mariano de Sierra | — | January 9, 1836 | |
Juan García del Río | — | April 25, 1836 | |
Pío de Tristán | — | August 6, 1836 | |
Juan García del Río | — | August 17, 1836 | |
José Gregorio Paredes | — | January 31, 1837 | |
José María Galdeano | — | May 2, 1837 | |
Casimiro Olañeta | — | August 17, 1837 | |
Juan García del Río | — | November 3, 1837 | |
Manuel del Río | — | July 30, 1838 | |
Benito Laso de la Vega | — | August 1, 1838 | |
Manuel Ferreyros (did not take office) | — | August 24, 1838 | August 24, 1838 |
José de Mendiburú | — | August 24, 1838 | |
Lorenzo Bazo | — | November 8, 1838 | |
Ramón Castilla (interim) | — | March 3, 1839 | |
Manuel Ferreyros | — | July 29, 1839 | |
Manuel del Río | — | January 3, 1841 | |
Luciano María Cano | — | March 16, 1841 | |
José de Mendiburú | — | July 30, 1841 | |
Miguel del Carpio y Melgar | — | August 16, 1842 | |
Francisco Javier Mariátegui y Tellería | — | October 31, 1842 | |
José Luis Goméz Sánchez | — | March 20, 1843 | |
Pedro Antonio de la Torre | — | May 1, 1843 | |
Manuel Toribio Ureta | — | July 22, 1843 | |
Andrés Martínez de Orihuela | — | August 5, 1843 | |
Pedro Gamio | — | January 5, 1844 | |
Andrés Martínez de Orihuela | — | May 20, 1844 | |
José Manuel Tirado | — | June 17, 1844 | |
Domingo Elías | — | August 11, 1844 | |
Manuel de Mendiburu | — | April 21, 1846 | |
José Fabio Melgar Valdivieso | — | July 16, 1849 | |
Juan Crisóstomo Torrico (Minister-General) | — | April 20, 1851 | |
Manuel de Mendiburu | — | August 29, 1851 | |
Nicolás Fernández de Piérola y Flores | — | September 7, 1852 | |
Manuel de Mendiburu | — | January 2, 1854 | |
Pedro Gálvez Egúsquiza | — | November 7, 1854 | |
Manuel Toribio Ureta | — | January 5, 1855 | |
Domingo Elías | — | February 1, 1855 | |
José Santos Castañeda | — | October 16, 1856 | |
Francisco de Rivero | — | February 14, 1857 | |
Manuel Ortíz de Zevallos | — | October 24, 1857 | |
Juan José Salcedo | — | December 16, 1858 | |
José Fabio Melgar Valdivieso | — | July 25, 1861 | |
Pedro Gálvez Egúsquiza | — | June 25, 1862 | |
José Santos Castañeda | — | October 27, 1862 | |
Ignacio Novoa | — | April 10, 1863 August 5, 1863 |
August 5, 1863 |
Julián de Zaracondegui | — | August 11, 1864 | |
Felipe Barriga Alvarez | — | September 5, 1864 | |
Pedro Mariano García | — | October 14, 1864 | |
José García Urrutia | — | November 23, 1864 | |
Pedro José Carrillo | — | April 4, 1865 | |
José Jorge Loayza | — | July 14, 1865 | |
José Manuel de la Puente | — | November 10, 1865 | |
Tomás de Vivero | — | November 16, 1865 | |
Manuel Pardo | — | November 28, 1865 | |
José Narciso de Campos | — | March 2, 1867 | |
Pedro Paz-Soldán Ureta | — | June 3, 1867 | |
Juan Manuel Solar | — | January 7, 1868 | |
José Luis Gómez Sánchez | — | January 26, 1868 | |
Juan Ignacio Elguera | — | April 3, 1868 | |
Francisco García Calderón | — | August 4, 1868 | |
Nicolás de Piérola | — | January 5, 1869 | |
Manuel Angulo | — | October 26, 1869 | |
Nicolás de Piérola | — | February 26, 1870 | |
Camilo Carrillo | — | July 21, 1871 | |
Felipe Masías | — | September 20, 1871 | |
José de la Riva-Agüero y Looz-Corswarem | Civil Party | July 27, 1872 | |
José María de la Jara y Alvizuri | — | August 3, 1872 | |
Camilo Carrillo | Civil Party | November 7, 1873 | |
Juan Ignacio Elguera | — | May 26, 1874 | |
José de Araníbar | — | August 2, 1876 | |
José Felix García | — | June 8, 1877 | |
Manuel Antonio Barinaga | — | July 19, 1878 | |
José Rafael de Iscue | — | October 25, 1878 | |
Emilio A. del Solar | — | July 15, 1879 | |
José María Químper | — | July 24, 1879 | |
Juan Francisco Pazos Monasí | — | September 5, 1879 | |
Aurelio Denegri | Civil Party | October 29, 1879 | |
José María Químper | — | November 1, 1879 | |
Manuel Antonio Barinaga (Secretary) | — | December 24, 1879 | |
Aurelio García y García (Secretary-General) | — | January 16, 1881 | |
Aurelio Denegri | — | March 12, 1881 | |
Manuel María Rivas Pereira | — | January 4, 1882 | |
Juan Francisco Oviedo | — | September 4, 1882 | |
Ladislao de la Jara | — | April 1883 | |
Lorenzo Iglesias (Minister-General) | — | January 3, 1883 | |
Elías Malpartida | — | September 15, 1883 | |
Manuel Galup | — | November 20, 1883 | |
Pedro Correa y Santiago | — | December 3, 1885 | |
Luis Bryce y Vivero | — | June 3, 1886 | |
José de Araníbar | — | October 6, 1886 | |
Manuel Yrigoyen Arias | Constitutional Party | November 22, 1886 | |
Mariano Santos Álvarez Villegas | — | August 22, 1887 | |
Antero Aspíllaga | Civil Party | November 9, 1887 | |
Eulogio Delgado | — | March 8, 1889 | |
Ismael de la Quintana | — | August 10, 1890 | |
Manuel Carbajal | — | August 24, 1891 | |
Rafael Quiróz | — | July 1, 1892 | |
José Salvador Cavero Ovalle | Constitutional Party | March 3, 1893 | |
Eugenio Marquesado | — | May 12, 1893 | |
Agustín de la Torre González | — | September 28, 1893 | |
Melitón Carvajal | — | January 30, 1894 | |
José Agustín de la Puente | — | April 2, 1894 | |
Horacio Ferreccio | — | June 18, 1894 | |
Nicanor Carmona | Constitutional Party | August 11, 1894 | |
Elías Malpartida | Democratic Party | March 20, 1895 | |
Federico Bresani del Villar | — | September 9, 1895 | |
Manuel Jesús Obín | Democratic Party | November 30, 1895 | |
Ignacio Rey | — | August 10, 1896 | |
Mariano A. Belaunde | Democratic Party | September 8, 1899 | |
Rafael Quiróz | — | August 8, 1900 | |
José V. Larrabure | — | August 31, 1900 | |
Domingo M. Almenara Butler | Civil Party | October 2, 1900 | |
Adrián Ward | — | September 12, 1901 | |
Juan José Reinoso | — | August 9, 1902 | |
Pablo Sarria | — | November 4, 1902 | |
Augusto B. Leguía | Civil Party | September 8, 1903 April 18, 1904 |
April 18, 1904 |
Juan José Reinoso | — | May 15, 1904 | |
Augusto B. Leguía | Civil Party | September 24, 1904 | |
Germán Schreiber Waddington | Civil Party | August 2, 1907 | |
Eulogio Romero Salcedo | — | September 24, 1908 | |
Agustín de la Torre González | — | June 8, 1909 | |
Carlos Forero | Democratic Party | November 3, 1909 | |
Severiano Bezada | Civil Party | January 3, 1910 | |
Germán Schreiber Waddington | Civil Party | March 14, 1910 | |
Enrique Oyanguren | — | November 3, 1910 | |
Daniel Castillo | — | September 1, 1911 | |
Ernesto L. Raez | — | October 17, 1911 | |
Flavio A. Castañeda | — | August 16, 1912 | |
Baldomero F. Maldonado | — | September 24, 1912 | |
Felipe Derteano | — | February 25, 1913 | |
José Balta Paz | Liberal Party | June 17, 1913 | |
Baldomero F. Maldonado | — | July 27, 1913 | |
Armando José Vélez Mendoza | — | December 23, 1913 | |
José Balta Paz | Liberal Party | February 4, 1914 | |
Luis Felipe Villarán Godoy | Civil Party | May 15, 1914 | |
Francisco Tudela y Varela | Civil Party | August 22, 1914 | |
Aurelio Sousa Matute | — | September 22, 1914 | |
Germán Schreiber Waddington | Civil Party | November 11, 1914 | |
Enrigue Oyanguren | — | February 18, 1915 | |
Aurelio García y Lastres | — | August 18, 1915 | |
Baldomero F. Maldonado | — | July 27, 1917 | |
Germán Arenas y Loayza | — | February 26, 1918 | |
Víctor Manuel Maúrtua | — | April 22, 1918 | |
Héctor Escardó | — | December 18, 1918 | |
Ismael de Idiáquez | — | July 4, 1919 | |
Fernando Fuchs | — | August 12, 1919 | |
M. A. Rodriguez Dulanto | — | March 7, 1919 | |
Marcial Pastor | — | May 5, 1924 | |
Enrique de la Piedra | — | October 12, 1924 | |
Benjamín Huamán de los Heros | — | June 19, 1925 | |
Manuel Gregorio Masías | — | September 24, 1925 | |
Fernando Fuchs | — | August 1, 1930 | |
Ricardo E. Llona | — | August 25, 1930 | |
Manuel Augusto Olaechea | — | November 2, 1930 | |
Pedro Bustamante y Santisteban | — | January 31, 1931 | |
Gerardo Balbuena Carrillo | — | February 24, 1931 | |
Manuel A. Vinelli | — | March 11, 1931 | |
Emilio L. Gómez de la Torre | — | July 23, 1931 | |
José G. Cateriano | — | December 8, 1931 | |
Francisco Lanatta | — | January 29, 1932 | |
Ignacio Brandariz | — | April 13, 1932 April 30, 1933 |
April 30, 1933 |
Alfredo Solf y Muro | — | June 29, 1933 | |
Benjamín Roca García | — | November 25, 1933 | |
Teófilo Iglesias Rodríguez | — | October 24, 1936 | |
Fernando Tola Cires | — | May 21, 1935 | |
Manuel Ugarteche Jiménez | — | October 1935 | |
Teófilo Iglesias Rodríguez | — | October 23, 1936 | |
Benjamín Roca García | — | October 28, 1937 | |
Manuel Ugarteche Jiménez | — | December 1, 1938 | |
Óscar Ramos Cabieses | — | December 8, 1939 | |
David Dasso | — | April 6, 1940 | |
Julio East | — | August 24, 1942 | |
Rómulo Ferrero Rebagliati | — | July 28, 1945 | |
Carlos Montero Bernales | — | October 1, 1945 | |
Manuel Vásquez Díaz | — | January 29, 1946 | |
Luis Echecopar García | — | January 13, 1947 | |
Roque Augusto Saldías Maninat | — | February 27, 1948 | |
Manuel Llosa | — | July 1948 | |
Rómulo Ferrero Rebagliati | — | September 17, 1948 | |
Luis Ramírez Ortíz | — | October 27, 1948 | |
Emilio Pereyra Marquina | — | October 27, 1949 | |
Andrés F. Dasso | — | July 28, 1950 | |
Emilio Romero Padilla | — | September 1, 1952 | |
Emilio Guimoye | — | February 2, 1954 | |
Jaime Miranda Sousa | — | December 9, 1955 | |
Roque Augusto Saldías Maninat | — | December 24, 1955 | |
Juan Pardo Heeren | — | July 1956 | |
Augusto Thorndike Galup | — | January 10, 1958 | |
Luis Gallo Porras | Peruvian Democratic Movement | June 10, 1958 | |
Pedro Beltrán Espantoso | — | September 1959 | |
Alex Zarak | — | April 26, 1961 | |
Augusto Valdéz Oviedo | — | July 17, 1962 | |
Javier Salazar Villanueva | — | July 28, 1963 | |
Carlos Morales Macchiavello | — | September 1964 | |
Sandro Mariátegui Chiappe | Popular Action | September 15, 1965 | |
Tulio de Andrea Marcazzolo | — | September 8, 1967 | |
Raúl Ferrero Rebagliati | — | January 29, 1968 | |
Francisco Morales-Bermúdez | — | March 20, 1968 | |
Manuel Ulloa Elías | Popular Action | June 1, 1968 | |
Angel Valdivia Morriberón | — | October 3, 1968 | |
Francisco Morales-Bermúdez | — | March 3, 1969 | June 13, 1969 |
Ministers of Economy and Finance
| |||
Francisco Morales-Bermúdez | — | June 13, 1969 | January 2, 1974 |
Guillermo Marcó del Pont | — | January 2, 1974 | July 18, 1974 |
Amílcar Vargas Gavilano | — | July 18, 1974 | August 30, 1975 |
Luis Barúa Castañeda | — | September 2, 1975 | May 16, 1977 |
Walter Piazza Tangüis | — | May 16, 1977 | July 6, 1977 |
Alcibíades Sáenz Barsallo | — | July 6, 1977 | May 15, 1978 |
Javier Silva Ruete | — | May 15, 1978 | July 28, 1980 |
Manuel Ulloa Elías | Popular Action | July 28, 1980 | January 3, 1983 |
Carlos Rodríguez-Pastor Mendoza | — | January 3, 1983 | March 21, 1984 |
José Benavides Muñoz | Popular Action | March 21, 1984 | January 29, 1985 |
Guillermo Garrido-Lecca Álvarez-Calderón | — | January 29, 1985 | July 28, 1985 |
Luis Alva Castro | APRA | July 28, 1985 | July 28, 1987 |
Gustavo Saberbein Chevalier | — | July 28, 1987 | May 16, 1988 |
César Robles Freyre | APRA | May 16, 1988 | September 2, 1988 |
Abel Salinas Izaguirre | APRA | September 2, 1988 | November 28, 1988 |
Carlos Rivas Dávila | APRA | November 28, 1988 | May 15, 1989 |
César Vásquez Bazán | — | May 15, 1989 | July 28, 1990 |
Juan Carlos Hurtado Miller | Popular Action | July 28, 1990 | February 15, 1991 |
Carlos Boloña Behr | — | February 15, 1991 | January 8, 1993 |
Jorge Camet Dickmann | — | January 9, 1993 | June 6, 1998 |
Jorge Baca Campodónico | — | June 6, 1998 | January 4, 1999 |
Víctor Joy Way | Cambio 90 | January 5, 1999 | October 13, 1999 |
Efraín Goldenberg | Cambio 90 | October 15, 1999 | July 28, 2000 |
Carlos Boloña Behr | — | July 28, 2000 | November 25, 2000 |
Javier Silva Ruete | Somos Perú | November 25, 2000 | July 28, 2001 |
Pedro Pablo Kuczynski | — | July 28, 2001 | July 11, 2002 |
Javier Silva Ruete | — | July 12, 2002 | July 25, 2003 |
Jaime Quijandría Salmón | — | July 25, 2003 | February 16, 2004 |
Pedro Pablo Kuczynski | — | February 16, 2004 | August 16, 2005 |
Fernando Zavala Lombardi | — | August 16, 2005 | July 28, 2006 |
Luis Carranza Ugarte | — | July 28, 2006 | July 14, 2008 |
Luis Valdivieso Montano | — | July 14, 2008 | January 19, 2009 |
Luis Carranza Ugarte | — | January 19, 2009 | December 22, 2009 |
Mercedes Aráoz Fernández | APRA | December 22, 2009 | September 12, 2010 |
Ismael Benavides Ferreyros | — | September 14, 2010 | July 28, 2011 |
Luis Miguel Castilla Rubio | — | July 28, 2011 | September 14, 2014 |
Alonso Segura Vasi | — | September 14, 2014 | July 28, 2016 |
Alfredo Thorne Vetter | Peruanos Por El Kambio | July 28, 2016 | June 22, 2017 |
Fernando Zavala Lombardi | — | June 23, 2017 | September 17, 2017 |
Claudia Cooper Fort | — | September 17, 2017 | April 2, 2018 |
David Tuesta Cárdenas | — | April 2, 2018 | June 4, 2018 |
Carlos Oliva Neyra | — | June 7, 2018 | September 30, 2019 |
María Antonieta Alva Luperdi | — | October 3, 2019 | November 9, 2020 |
José Arista Arbildo | Alianza Regional Juntos por Amazonas | November 12, 2020 | November 17, 2020 |
Waldo Mendoza Bellido | — | November 18, 2020 | July 29, 2021 |
Pedro Francke Ballvé | Nuevo Perú | July 30, 2021 | February 1, 2022 |
Óscar Graham Yamaguchi | — | February 1, 2022 | August 6, 2022 |
Kurt Burneo Farfán | — | August 6, 2022 | December 7, 2022 |
Alex Contreras Miranda | — | December 10, 2022 | February 13, 2024 |
José Arista Arbildo | — | February 13, 2024 | January 31, 2025 |
José Salardi Rodríguez | — | January 31, 2025 | Incumbent |
See also
[edit]References
[edit]- ^ "Peru names new finance minister". Latin Finance. 3 February 2025.
- ^ "Ministerio de Economía y Finanzas - Histórico - Relación de Ministros". www.mef.gob.pe.
- ^ "Reseña histórica". Gob.pe. 2018-10-22.