The Ministry of Economy and Finance (MEF) stressed that the budget project is in line with the fiscal rule, keeping the deficit under control and ensuring responsible economic management.

The Peruvian Executive Branch approved the Public Budget bill for Fiscal Year 2025, which amounts to 251.691 billion soles (approximately US$ 67.117 billion), which represents an increase of 4.5% compared to the Institutional Opening Budget (PIA) 2024, the Ministry of Economy and Finance (MEF) reported.

He stressed that this project is in line with the fiscal rule, keeping the deficit under control and ensuring responsible economic management.

The MEF stated that no regional or local government will receive less than what was allocated in the 2024 Institutional Opening Budget.

This same principle also applies to all ministries, guaranteeing stability in public investment, he explained.

Guaranteed resources

The draft budget considers guaranteed minimum resources for investment.

In this way, it indicates that no municipality in the country will receive less than one million soles for the execution of investment projects.

The MEF indicates that this financial support ensures that all municipalities can carry out the execution of their development plans.

This project is intended to boost investment. For this reason, it prioritizes capital expenditures, with an increase of 7.3% in regional governments and 24.2% in local governments. “This means more projects and development in every corner of the country,” emphasized the MEF.

Commitment to decentralization

He stressed that the initial budget allocates resources directly to regional and local governments, avoiding the need for additional transfers during implementation. “This strengthens autonomy and efficiency in the use of funds,” he said.

The 2025 Budget project also addresses the main commitments of the presidential message, aligned with national priorities, in order to benefit the most vulnerable population.