The Public Sector Budget Bill for Fiscal Year 2027, prepared by the Executive Branch, will mark a turning point for Peru by helping restore productive dynamism and resume the path of growth and economic expansion.
Prime Minister Luis Galarreta made the statement before Congress in plenary session.
On this occasion, the Cabinet chief appeared alongside Economy and Finance Minister Elmer Cuba to explain the proposed bills on the budget, indebtedness, and financial balance for Fiscal Year 2027.
"This is the first budget of the five-year term and represents a turning point in addressing insecurity, closing social gaps, and achieving the objectives we have set as a Government," Galarreta stated.
"We want this country to be built through policy decisions established in a budget whose results can be measured," he added.
In this regard, the Cabinet chief emphasized that the proposed budget, which amounts to S/ 266.506 billion (about US$79.48 billion), seeks to have a direct impact on the quality of life of the population's most vulnerable members.
"A budget has real meaning when it changes the lives of those who need it most: when it improves healthcare and education, strengthens public services, and provides local authorities with the essential tools to solve problems in their communities," Galarreta stated.
The Prime Minister explained that the bill seeks to guarantee Peruvians' right to live without fear.
Therefore, S/ 15.4 billion (about US$4.59 billion) has been allocated to public order and security, with resources strategically redirected toward investigation and prosecution, strengthening the prison system, and increasing the Peruvian National Police's operational capacity, under more demanding targets for patrol coverage to combat crime.
He added that the Education sector will receive S/49.1 billion (about US$14.64 billion), while the Health sector will be allocated S/32.2 billion (about US$9.60 billion).
Both are fundamental pillars for expanding opportunities for children and young people, as well as ensuring quality public services for all families.
Similarly, S/26 billion (about US$7.75 billion) will be allocated to Transportation, with the aim of consolidating an integrated country through road infrastructure that connects the regions and creates new development opportunities.
The Cabinet chief stressed that, in addition to allocating resources, it is essential to have a more efficient State that optimizes its processes.
"We want to move from a State that administers resources to one that delivers concrete results and creates the conditions for the private sector to invest, produce, and create quality jobs," he concluded.