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Ministry of Economy and Finance (Peru)

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Minister of Economy and Finance
Ministerio de Economía y Finanzas
Agency overview
FormedFebruary 28, 1823
TypeMinistry
JurisdictionPeru
HeadquartersJirón Junín 319, Lima, Peru
Agency executive
WebsiteOfficial website

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 [es], serving since 31 January 2025.[1]

History

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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 However, shortly thereafter, the Governing Junta repealed the decree, reestablishing the three ministries.[3]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

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  • 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:

List of ministers

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Name Party Period
Term start Term end
Ministers of Ministers of Finance and Trade (1821–1969)
Hipólito Unanue August 3, 1821
Dionisio Vizcarra [es] 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 [es] March 8, 1825
Juan Salazar May 20, 1835
José de Larrea y Loredo [es] July 20, 1825
José María Pando de la Riva [es] May 8, 1826
José de Larrea y Loredo [es] July 28, 1826
José María Galdeano y Mendoza [es] February 10, 1827
José de Morales y Ugalde [es] February 12, 1827
Francisco Javier Mariátegui y Tellería [es] June 24, 1827
Manuel Gaspar de Rosas June 10, 1828
José Gregorio Paredes [es] June 20, 1828
Dionisio Vizcarra [es]
Lorenzo Bazo June 6, 1829
José de Larrea y Loredo [es] December 1, 1829
Manuel del Río [es] June 20, 1830
José María Pando de la Riva [es] July 21, 1830
Manuel Pérez de Tudela [es] December 20, 1831
Manuel Gaspar de Rosas October 29, 1832
Manuel del Río [es] November 12, 1832
Joaquín de Arrece [es] November 22, 1832
Andrés Martínez de Orihuela [es] January 3, 1833
José Villa December 21, 1833
Andrés Martínez de Orihuela [es] January 4, 1834
José Villa January 24, 1834
Ildefonso Zavala [es] March 1, 1834
José de Mendiburú March 29, 1834
José Villa May 6, 1834
José de Mendiburú July 5, 1834
Ildefonso Zavala [es] 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 [es] July 16, 1835
Joaquín de Arrece [es] September 12, 1835
Andrés Martínez [es] (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 [es] January 31, 1837
José María Galdeano [es] May 2, 1837
Casimiro Olañeta August 17, 1837
Juan García del Río November 3, 1837
Manuel del Río [es] July 30, 1838
Benito Laso de la Vega [es] 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 [es] January 3, 1841
Luciano María Cano [es] March 16, 1841
José de Mendiburú July 30, 1841
Miguel del Carpio y Melgar [es] August 16, 1842
Francisco Javier Mariátegui y Tellería [es] October 31, 1842
José Luis Goméz Sánchez [es] March 20, 1843
Pedro Antonio de la Torre May 1, 1843
Manuel Toribio Ureta [es] July 22, 1843
Andrés Martínez de Orihuela [es] August 5, 1843
Pedro Gamio January 5, 1844
Andrés Martínez de Orihuela [es] May 20, 1844
José Manuel Tirado [es] 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 [es] September 7, 1852
Manuel de Mendiburu January 2, 1854
Pedro Gálvez Egúsquiza November 7, 1854
Manuel Toribio Ureta [es] January 5, 1855
Domingo Elías February 1, 1855
José Santos Castañeda [es] October 16, 1856
Francisco de Rivero February 14, 1857
Manuel Ortíz de Zevallos [es] 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 [es] October 27, 1862
Ignacio Novoa April 10, 1863
August 5, 1863
August 5, 1863
Julián de Zaracondegui [es] 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 [es] June 3, 1867
Juan Manuel Solar January 7, 1868
José Luis Gómez Sánchez [es] 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 [es] August 3, 1872
Camilo Carrillo Civil Party November 7, 1873
Juan Ignacio Elguera May 26, 1874
José de Araníbar [es] 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 [es] July 24, 1879
Juan Francisco Pazos Monasí [es] September 5, 1879
Aurelio Denegri Civil Party October 29, 1879
José María Químper [es] 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 [es] January 4, 1882
Juan Francisco Oviedo September 4, 1882
Ladislao de la Jara April 1883
Lorenzo Iglesias [es] (Minister-General) January 3, 1883
Elías Malpartida September 15, 1883
Manuel Galup [es] November 20, 1883
Pedro Correa y Santiago [es] December 3, 1885
Luis Bryce y Vivero [es] June 3, 1886
José de Araníbar [es] October 6, 1886
Manuel Yrigoyen Arias Constitutional Party November 22, 1886
Mariano Santos Álvarez Villegas [es] August 22, 1887
Antero Aspíllaga [es] Civil Party November 9, 1887
Eulogio Delgado March 8, 1889
Ismael de la Quintana [es] 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 [es] 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 [es] Democratic Party November 30, 1895
Ignacio Rey August 10, 1896
Mariano A. Belaunde [es] 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 [es] September 12, 1901
Juan José Reinoso [es] 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 [es] May 15, 1904
Augusto B. Leguía Civil Party September 24, 1904
Germán Schreiber Waddington Civil Party August 2, 1907
Eulogio Romero Salcedo [es] September 24, 1908
Agustín de la Torre González [es] June 8, 1909
Carlos Forero [es] Democratic Party November 3, 1909
Severiano Bezada [es] 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 [es] October 17, 1911
Flavio A. Castañeda August 16, 1912
Baldomero F. Maldonado September 24, 1912
Felipe Derteano February 25, 1913
José Balta Paz [es] Liberal Party June 17, 1913
Baldomero F. Maldonado July 27, 1913
Armando José Vélez Mendoza [es] December 23, 1913
José Balta Paz [es] Liberal Party February 4, 1914
Luis Felipe Villarán Godoy [es] 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 [es] April 22, 1918
Héctor Escardó [es] December 18, 1918
Ismael de Idiáquez July 4, 1919
Fernando Fuchs [es] August 12, 1919
M. A. Rodriguez Dulanto March 7, 1919
Marcial Pastor May 5, 1924
Enrique de la Piedra [es] October 12, 1924
Benjamín Huamán de los Heros [es] June 19, 1925
Manuel Gregorio Masías [es] September 24, 1925
Fernando Fuchs [es] August 1, 1930
Ricardo E. Llona August 25, 1930
Manuel Augusto Olaechea [es] November 2, 1930
Pedro Bustamante y Santisteban January 31, 1931
Gerardo Balbuena Carrillo [es] 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 [es] January 29, 1932
Ignacio Brandariz [es] April 13, 1932
April 30, 1933
April 30, 1933
Alfredo Solf y Muro June 29, 1933
Benjamín Roca García [es] November 25, 1933
Teófilo Iglesias Rodríguez October 24, 1936
Fernando Tola Cires [es] May 21, 1935
Manuel Ugarteche Jiménez [es] October 1935
Teófilo Iglesias Rodríguez October 23, 1936
Benjamín Roca García [es] October 28, 1937
Manuel Ugarteche Jiménez [es] December 1, 1938
Óscar Ramos Cabieses December 8, 1939
David Dasso [es] April 6, 1940
Julio East [es] August 24, 1942
Rómulo Ferrero Rebagliati [es] July 28, 1945
Carlos Montero Bernales October 1, 1945
Manuel Vásquez Díaz January 29, 1946
Luis Echecopar García [es] January 13, 1947
Roque Augusto Saldías Maninat February 27, 1948
Manuel Llosa [es] July 1948
Rómulo Ferrero Rebagliati [es] September 17, 1948
Luis Ramírez Ortíz October 27, 1948
Emilio Pereyra Marquina October 27, 1949
Andrés F. Dasso July 28, 1950
Emilio Romero Padilla [es] September 1, 1952
Emilio Guimoye February 2, 1954
Jaime Miranda Sousa [es] December 9, 1955
Roque Augusto Saldías Maninat December 24, 1955
Juan Pardo Heeren [es] July 1956
Augusto Thorndike Galup [es] January 10, 1958
Luis Gallo Porras Peruvian Democratic Movement June 10, 1958
Pedro Beltrán Espantoso September 1959
Alex Zarak [es] April 26, 1961
Augusto Valdéz Oviedo [es] July 17, 1962
Javier Salazar Villanueva [es] July 28, 1963
Carlos Morales Macchiavello [es] September 1964
Sandro Mariátegui Chiappe Popular Action September 15, 1965
Tulio de Andrea Marcazzolo [es] 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 [es] 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 [es] January 2, 1974 July 18, 1974
Amílcar Vargas Gavilano [es] July 18, 1974 August 30, 1975
Luis Barúa Castañeda [es] September 2, 1975 May 16, 1977
Walter Piazza Tangüis [es] May 16, 1977 July 6, 1977
Alcibíades Sáenz Barsallo [es] 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 [es] Popular Action March 21, 1984 January 29, 1985
Guillermo Garrido-Lecca Álvarez-Calderón [es] January 29, 1985 July 28, 1985
Luis Alva Castro APRA July 28, 1985 July 28, 1987
Gustavo Saberbein Chevalier [es] July 28, 1987 May 16, 1988
César Robles Freyre [es] APRA May 16, 1988 September 2, 1988
Abel Salinas Izaguirre APRA September 2, 1988 November 28, 1988
Carlos Rivas Dávila [es] 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 [es] January 9, 1993 June 6, 1998
Jorge Baca Campodónico [es] 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 [es] September 14, 2014 July 28, 2016
Alfredo Thorne Vetter [es] Peruanos Por El Kambio July 28, 2016 June 22, 2017
Fernando Zavala Lombardi June 23, 2017 September 17, 2017
Claudia Cooper Fort [es] September 17, 2017 April 2, 2018
David Tuesta Cárdenas [es] 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 [es] 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 [es] December 10, 2022 February 13, 2024
José Arista Arbildo February 13, 2024 January 31, 2025
José Salardi Rodríguez [es] January 31, 2025 Incumbent

See also

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References

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  1. ^ "Peru names new finance minister". Latin Finance. 3 February 2025.
  2. ^ "Ministerio de Economía y Finanzas - Histórico - Relación de Ministros". www.mef.gob.pe.
  3. ^ "Reseña histórica". Gob.pe. 2018-10-22.
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