Peru's President: 2026 Budget to be decentralized, focused on security

Photo: ANDINA/Carlos Lezama

Photo: ANDINA/Carlos Lezama

18:35 | Lima, Nov. 4.

At the inauguration of the 63rd edition of Annual Conference of Executives (CADE-Executives) in Lima on Tuesday, President Jose Jeri announced that the 2026 public budget will be decentralized and focused on security, Peru's main challenge.

"Citizen security is the cornerstone of the 2026 budget, with over S/6.8 billion (above US$2.01 billion) allocated to strengthen the Peruvian National Police and modernize police stations. It will also allow us to incorporate technology and restore public spaces," he stated.

According to the Head of State, this measure is unprecedented and aims to address the high levels of insecurity inherited by the current government.

The top official mentioned that, in addition to security, new strategic investments will be made in health, education, social protection, and territorial connectivity.

Additionally, a major effort will be undertaken to complete projects already underway in Peruvian regions to maintain economic momentum.

"We are implementing concrete measures to ensure modern and responsible management, reduce non-essential spending, increase public spending efficiency, (achieve) comprehensive tax risk management, strengthen the tax base, practice austerity in current expenditures, and improve public administration efficiency," he indicated.

Record in investments

President Jeri reported that public investment grew by 6% between January and October 2025, projecting a new historic record in closing infrastructure and service gaps, while boosting employment and regional productivity.

"By the end of 2025, Peru will set a new historic record in investment execution. This means more jobs in a new era, greater dynamism, and more hope that every region can progress," he pointed out.

Likewise, the President said that his administration will focus on completing the country's most important initiatives, finishing ongoing public works, and securing the main mega-projects at both national and regional levels.

In this context, the top official reminded attendees that one of the Peruvian economy's main assets is trust based on results.

Likewise, he reaffirmed the government's full commitment to ensuring a State that facilitates private investment, removes obstacles, and speeds up processes.

"The private sector is our strategic partner. Its capacity to generate employment and productivity is the best tool against poverty. We reaffirm our full commitment to a State that facilitates rather than hinders," Jeri stated.

He also specified that the government is developing a shock plan to un-bureaucratize the State, simplify procedures, shorten timelines, and boost productive sectors, incorporating proposals from business sectors with which it has met.

Call for unity

Moreover, the Head of State called for unity across all levels of government, the State branches, constitutionally autonomous institutions, trade guilds, and civil society.

"Each one, from their respective spheres, has the historic responsibility to help position our country as a leading benchmark. Our country has also shown that when we work together, no crisis can defeat us," he stated.

The President proposed that 2025 be a year for the country to reconnect, reconcile, and move toward unity, leaving behind sterile confrontation and name-calling.

"I invite you to continue building together a country where stability is not only economic but also political, where the State and the private sector move forward together, and where the word 'progress' once again inspires Peruvians," he concluded.

Remarks were made from Lima Convention Center.

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Publicado: 4/11/2025