Overview
- Law No. 32513 sets a S/257,562 million budget for 2026, allocating S/164,223 million to the national government, S/59,164 million to regions, and S/35,795 million to municipalities.
- Congress raised its own 2026 appropriation to about S/1.735 billion, roughly 39% above the executive’s proposal, according to El Comercio.
- El Comercio reports that more than S/622.2 million was cut from the contingency reserve, a move that could constrain the state’s ability to respond to unforeseen shocks.
- The approved plan shifts S/1.918 billion from the national level to regional and local governments, and payroll outlays are reported to reach about 36.5% of total spending next year.
- The law includes targeted measures such as additional support for Proinversión, changes to Foncomun, budget flexibility to sustain Pronabec scholarships, continuity for priority infrastructure, and provisions to safeguard the 2026 general elections.