Today: December 8, 2025
December 8, 2025
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BBVA Research warns about bills that would generate spending for the State

Congress will evaluate TODAY the proposal that seeks to extend the Reinfo

The proposals with spending initiative in the Congress remain on the order of the day. BBVA Research warned that there are three legislative proposals that would generate greater spending for the State.

Among the initiatives are one that increases teachers’ pensions, which would generate a cost of approximately S/5.9 billion annually. Added to this proposal is the project that proposes bonuses for CAS workers, which would mean a disbursement of around S/3,000 million annually. He also questioned the impact of the project that proposes that the public sector bonus be equivalent to the Minimum Living Remuneration (RMV).

Francisco Grippa, chief economist at BBVA Research in Peru, assured that this year it is estimated that the fiscal deficit will reach 2.2% of GDP, which would meet the fiscal goal; however, he warned that the proposals pose a risk.

PROJECTION CHANGES

On the other hand, they reported that they modified their growth projection for this year upwards, going from 3.1% to 3.3%. This change responds to greater domestic demand and the growth of private spending.

For 2026, the entity estimated an advance of 3.1%, and although it is estimated that the positive impact will be maintained, the electoral issue is present and could have an impact on projections and public disbursement.

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