Andina

Peru: Congress approves Budget Law for FY 2023

Photo: ANDINA/Andres Valle

Photo: ANDINA/Andres Valle

12:16 | Lima, Dec. 1.

During a plenary session, the Congress of the Republic approved the Budget, Indebtedness, and Financial Balance Bills for Fiscal Year 2023.

Bill No. 2908 (Public Sector Indebtedness Law for Fiscal Year 2023) was approved with 66 votes in favor, 14 against, and 19 abstentions.

Afterwards, Bill No. 2909 (Public Sector Budget Financial Balance Law for Fiscal Year 2023) was approved with 78 votes in favor, 14 against, and 13 abstentions.

Lastly, lawmakers approved Bill No. 2907 (Public Sector Budget Law for Fiscal Year 2023), with 77 votes in favor, 11 against, and 13 abstentions.


The initiatives were approved on Wednesday night without the corresponding annexes since these documents were still being crafted by the Ministry of Economy-Finance (MEF) and their completion would have taken three hours —beyond the deadline.

According to the Constitution's Article 80, if the enrolled bill is not sent to the Executive Branch thru November 30, the draft of the latter enters into force, which is enacted via legislative decree.

(END) RMCH/JCR/MVB

Published: 12/1/2022