Peru's President: 2022 FY Budget to prioritize health, education and agriculture

Photo: ANDINA/Presidency of the Republic of Peru

Photo: ANDINA/Presidency of the Republic of Peru

20:00 | Acobamba (Huancavelica region), Nov. 23.

The President of the Republic Pedro Castillo on Tuesday stressed that the Public Sector Budget Bill for Fiscal Year 2022 —debated at Congress— prioritizes the sanitary emergency, health, education, agriculture strengthening, poverty relief, and productivity.

During his visit to the Chopcca farming community in Pucara district (Acobamba province), the Head of State pointed out that the budget bill entails an increase above 7% compared to the 2021 budget. Thus, it exceeds S/197 billion (over US$49.25 billion).

"I hope that the Congress of the Republic approves the budget (bill) in order to continue working for the progress and development of the nation and to fulfill the wishes of our brothers and sisters from deep Peru," he expressed.

Within this framework, the Head of State specified that the Executive Branch proposes increasing the health sector's budget by more than S/1.2 billion (over US$300 million) to continue facing the pandemic and —above all— to strengthen the primary care level.

"That includes our commitment to the construction of our hospital needed by the people of Huancavelica," he underlined.

Concerning the education sector, the top official stressed that this budget has been raised by more than S/2.6 billion (over US$650 million) to ensure the return of students to in-person classes nationwide.

"My respects go out to the teachers of Huancavelica and the rest of the country. The professional development of teachers is our priority as is technological innovation," he remarked.

Likewise, the President indicated that more resources are being directed to the farming sector (S/435 million = about US$108.7 million) for better agrarian management and boosting the Second Agrarian Reform aimed at lifting over 2 million men and women —from the countryside— out of poverty.

"In order to provide relief to citizens in situation of poverty and vulnerability, the budget for social programs has been increased by S/150 million (about US$37.5 million)," he added.

Minutes later, the Head of State said this budget intends to strengthen the public resources decentralization process. In this sense, Mr. Castillo noted that —in addition to the S/57 billion (about US$14.25 billion) assigned to the budget of regional and local governments— the allocation of S/8.8 billion (about US$2.2 billion) is planned during execution.

"With this additional money, we seek to meet, in a complementary manner, your needs in terms of health, education, road maintenance, and the continuity of strategic investments," he pointed out.


Publicado: 23/11/2021