Impact of Public Budget Spending and Productivity in the Lambayeque Region, Peru 2022-2023
Impact of Public Budget Spending and Productivity in the Lambayeque Region, Peru 2022-2023 |
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| © 2025 by IJETT Journal | ||
| Volume-73 Issue-3 |
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| Year of Publication : 2025 | ||
| Author : Percy Junior Castro Mejia, Augusta Katherine Cajo Siesquen, Cesar Alfredo Saucedo Tejada, Leydi Geraldine Solano Simpalo, Tania Miluska Tesen Alcantara, Natalia Marciel Bardales Pérez |
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| DOI : 10.14445/22315381/IJETT-V73I3P112 | ||
How to Cite?
Percy Junior Castro Mejia, Augusta Katherine Cajo Siesquen, Cesar Alfredo Saucedo Tejada, Leydi Geraldine Solano Simpalo, Tania Miluska Tesen Alcantara, Natalia Marciel Bardales Pérez, "Impact of Public Budget Spending and Productivity in the Lambayeque Region, Peru 2022-2023," International Journal of Engineering Trends and Technology, vol. 73, no. 3, pp. 160-173, 2025. Crossref, https://doi.org/10.14445/22315381/IJETT-V73I3P112
Abstract
This study examines the relationship between public spending and productivity in the Lambayeque Region, Peru, during 2022-2023. It analyzes how the allocation of public resources influences local economic efficiency and development, covering sectors such as industry, entrepreneurship, education, and health. The objective is to promote decent work and economic growth by identifying areas for improvement in public budget management to increase regional productivity and prosperity. With a quantitative, applied, cross-sectional, and correlational approach, Spearman's correlation analysis was used. The results showed a correlation coefficient of 0.691 and a p-value of 0.000, indicating a significant positive correlation (α = 0.05) between public spending and productivity. This suggests that increased public investment is associated with improved production levels and efficiency in the region. The study highlights the importance of adequately allocating public resources to foster economic and social development in Lambayeque. It offers recommendations to optimize the effectiveness of public spending to benefit local communities. The analysis of public spending in the Lambayeque Region during 2022-2023 reveals a significant effort by the regional government to boost productivity through strategic investments. The historic increase in investment spending reached a record of S/ 525 million in 2023, demonstrating a clear commitment to developing infrastructure and key public projects.
Keywords
Economy, Productivity, Regional government of lambayeque, Spending, Finance, Public budget.
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