This report analyses current public financial management practices in Peru in light of OECD recommendations and good practices, and identifies areas where Peru could improve.

It focuses on four areas: budgetary practices and governance; treasury modernisation and cash management systems; ensuring a fiscally sustainable, competitive pay regime for the Peruvian public sector; and public infrastructure programming, budgeting and management. It analyses these issues both at central government level and for sub-national governments.

The report provides detailed policy recommendations to overcome the main challenges and their implications in each of the areas.