LatinNews Daily - 24 November 2021

In brief: Peru’s gov’t presents 2022 budget proposal

* Peru’s government has presented congress with its 2022 budget proposal, which envisages spending of PEN197.0bn (US$49.11bn) – a 7.6% increase on the 2021 budget. Of this, PEN139.8bn would go to the central government, PEN35.5bn to regional governments, and 21.5bn to local governments. The budget proposes spending PEN35.7bn on education (+7.85% on 2021), PEN22.0bn on healthcare (+6%), while the amount set aside for servicing the central government’s debt is PEN22.1bn. The government is also proposing spending PEN5.6bn on new infrastructure projects, and PEN1.9bn on delivering its planned agrarian reform, among other things.

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