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2026 Budgets Advance Across Peru, Spain and Argentina as Peru Sets Congressional Debate for Next Week

Officials emphasize priority services with fiscal discipline as deadlines approach.

Overview

  • Peru’s Congress will take up the S/257.56 billion 2026 public budget from 25–27 November with ministers defending sector allocations before a final vote due by the end of the month.
  • The Budget Commission’s substitute text, validated by the Economy Ministry to preserve balance, adds targeted measures for security, health and education and outlines a decentralized distribution of S/59.16 billion to regions and S/34.18 billion to municipalities.
  • Argentina’s Salta province enacted its 2026 budget at roughly 3.89 trillion pesos with an expected 12.06 billion peso surplus, while Economy Minister Daniel Abad presented a separate plan projecting nearly 5 trillion pesos in spending and a 708 million peso surplus.
  • Castilla-La Mancha detailed €717 million for Sustainable Development in 2026, including €252.9 million to protect the natural environment with €126 million for wildfire prevention and response, alongside water infrastructure and energy-transition programs.
  • Castilla-La Mancha’s Education budget for 2026 rises 5.43% to €2.519 billion, lifting per‑pupil funding to €8,226, as Spanish municipalities advance their own accounts, including approvals in Polanco (€6.07 million), Calp (€45.87 million) and Valdemorillo (~€16 million).