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Peru’s Fiscal Council Flags 229 Costly Laws Passed by Congress, Warns of Rising Deficit and Debt

The watchdog asks the Constitutional Court to review the measures, citing limited use of executive checks.

Overview

  • Within the total, 101 laws approved by insistence carry an estimated fiscal cost of S/35,796 million, more than 65 times the comparable cost over the prior 15 years.
  • The Council projects an average fiscal deficit of 5.8% of GDP during 2026–2036, with debt near 47% of GDP by 2036 or close to 70% if major high‑cost initiatives in process are enacted.
  • Officials reported that 56% of nearly 230 fiscally adverse norms were not observed by the Executive, and only three of 181 spending measures were challenged before the Constitutional Court.
  • The analysis warns that many approved norms create rigid spending commitments that reduce budget flexibility for future adjustments.
  • The tally has climbed year by year, including 21 such laws in 2022 and 29 so far in 2025, with pressures exceeding the projected fiscal space through 2029.