announced Wednesday that the Government will submit to Congress a supplementary credit in the coming hours, aimed at financing ongoing projects and new infrastructure works across the country.
"To finance ongoing projects and upcoming new infrastructure works, we are submitting the supplementary budget today. At the same time, we are presenting a bill to Congress so that it can approve, during this legislative session, new revenue measures that will allow us to fully finance the supplementary budget," he stated.
The Head of State said his administration has been strengthening revenue collection and directing public resources toward tangible investments for the benefit of the population.
In that regard, the top official emphasized that the Government does not divert funds to bureaucratic expenses, but instead prioritizes initiatives that address the country's needs.
"We are improving revenue collection compared to previous years. Our administration is on the right track, as it does not divert resources to bureaucratic expenses; on the contrary, we are making targeted investments," he pointed out.
The top official indicated that the Executive Branch's objective is to boost investment in the country as a means of generating employment, expanding opportunities, and sustainably reducing poverty.
"What we want is strong investment in the country. With investment in the country, we will have better opportunities to work, create jobs, and thus enable everyone to rise out of poverty," he expressed.
The Head of State warned that the lack of investment and industrialization limits the country's development prospects.
Thus, he considered it necessary to move forward with larger-scale projects that can benefit the vast majority of the population.
"If we continue with this situation, where there is no investment and the country fails to industrialize, we will be heading down a path of no return. Poverty increases every day, and that is not the solution," he said.
At another point, the President highlighted that the Government has been advancing major high-impact projects in various regions and promoting initiatives aimed at improving higher education opportunities for Peruvian youth.
"We are including Puno and Cusco, and we are advancing large-scale projects so they can benefit the vast majority of the population. We are creating universities so that the children of ordinary Peruvians can receive a better education," he stated.
The top official also noted that his administration will leave in place a roadmap for the country's industrialization, particularly in strategic sectors such as mining, with the aim of ensuring that Peru is not limited to exporting raw materials.
"This country is on the path to greater investment, and we are approving a project for the next administration so that it can focus on industrializing minerals, starting with copper, as Chile does," he indicated.
Moreover, the President announced that he will visit the Vatican next week after receiving an invitation from Pope Leo XIV.
The top official added that he will convey the greetings of all Peruvians.
"Next week we will not be in Peru because we have been invited by the Pope for a brief visit to the Vatican on June 18. We will convey the greetings of each and every Peruvian, especially those accompanying us this morning," he said.
The President made these remarks while leading a ceremony to deliver social assistance supplies to mayors of districts placed under a state of emergency.
The initiative aims to strengthen local governments' capacity to respond to the needs of populations affected by emergency situations.
Goods transferred by the National Superintendence of Customs and Tax Administration (Sunat) to the Ministry of Women and Vulnerable Populations were handed over at the ceremony.
The event took place at the Government Palace in Lima.