Abstract

CRUZ FLORES, César Augusto. INFLUENCE OF THE OIL SECTOR ON PUBLIC INVESTMENT IN PERU. Aula Virtual [online]. 2025, vol.6, n.13, e481.  Epub July 24, 2025. ISSN 2665-0398.  https://doi.org/10.5281/zenodo.15823771.

This study examines the influence of the oil sector on public investment in Peru, identifying transmission mechanisms and structural challenges. Objectives include assessing the economic impact of hydrocarbons (2% of GDP from 2005-2023), analysing royalty and oil canon distribution, and proposing strategies to optimize resource management. The theoretical framework integrates contributions from Vásquez Cordano (2024) on fiscal revenues, the National Society of Mining, Petroleum, and Energy (2025) on royalties, and Saccone et al. (2022) on investment efficiency. The methodology involved a systematic review of 60 scientific articles from Scopus, SciELO, and PubMed, prioritizing recent publications (2019-2024). Results show that the oil canon transferred S/822.94 million to producing regions in 2024, but 45.3% funded pre-investment studies, limiting completed projects (38.5% in Loreto vs. 68.9% in Piura). Royalties contributed US$1,197.4 million in 2024, though hydrocarbon investments fell 77% since 2013 due to fiscal burdens and bureaucracy. Conclusions emphasize reforms to strengthen subnational technical capacities, create fiscal stabilization funds, and redirect resources toward human capital and energy transition. Price volatility and inefficient decentralization require integrated policies with long-term vision.

Keywords : Oil sector; public investment; oil canon; royalties; fiscal management; Peru.

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