Overview
- Prime Minister Ernesto Álvarez outlined the consolidated 2026 proposal and asserted compliance with fiscal rules on deficit, borrowing and multiyear planning.
- The Budget Committee’s reports on the Budget, Borrowing and Financial Balance were approved earlier and keep the overall total near S/ 258 billion.
- Committee changes center on current spending, including temporary CAS hiring for regions, updated pay scales in several entities and other administrative adjustments.
- The draft also grants the Finance Ministry exceptional authority to reallocate ordinary revenues, with references to preparations for the Lima 2027 Pan American and Parapan American Games and a pending explanation of offsetting cuts.
- Plenary debate now focuses on sectoral priorities and potential reallocations—especially for regional works, social supports and citizen security—under the rule that the executive’s text takes effect automatically if no vote passes by Nov. 30.