General State Budget 2027 prioritizes social investment and fiscal sustainability

The General State Budget for the fiscal year 2027, submitted by Minister of Economy and Finance Felipe Chapman, totals B/.35,111.7 million, marking an increase of B/.197.9 million compared with the adjusted 2026 budget. The budget reflects a strategic shift toward greater social investment while maintaining a focus on fiscal sustainability. Key line items highlight increased funding for social programs, including health, education, and social welfare, as well as targeted investments in infrastructure that support economic diversification. The Ministry emphasized that the fiscal plan incorporates measures to strengthen revenue collection, improve expenditure efficiency, and safeguard the country’s debt profile. By prioritizing social spending, the government aims to reduce inequality and to promote inclusive growth, while ensuring that the overall fiscal stance remains prudent. The proposal also includes initiatives to enhance transparency in budget execution and to engage civil‑society stakeholders in monitoring public spending. If approved, the budget will provide the financial framework needed to implement the administration’s development agenda and to meet international commitments on fiscal responsibility. The budget’s forward‑looking approach is intended to support long‑term economic resilience and to sustain confidence among investors and the general public.