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The Pearls of the Budget

Summary by El Comercio
On August 30, the Government presented to Congress its budget for 2026.In a first reading, it seems quite responsible with a nominal expenditure increase of 2.3% compared to the previous year, 0% if adjusted for inflation, and with a deficit target of 1.8% of GDP, less than 2.2% for this year.However, as if it were a novel, as you read the details, surprises begin to appear. One is the allocation between current and capital expenditure. The firs…
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On August 30, the Government presented to Congress its budget for 2026.In a first reading, it seems quite responsible with a nominal expenditure increase of 2.3% compared to the previous year, 0% if adjusted for inflation, and with a deficit target of 1.8% of GDP, less than 2.2% for this year.However, as if it were a novel, as you read the details, surprises begin to appear. One is the allocation between current and capital expenditure. The firs…

·Lima, Peru
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El Comercio broke the news in Lima, Peru on Sunday, October 5, 2025.
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