The Cabinet Council, in an extraordinary session, approved this Friday the bill N-37-24 that establishes the General State Budget for the fiscal period 2025, under criteria of rationality, transparency and availability of financing, seeking to guarantee the quality of the public spending.
This is the first state budget prepared by the administration of President José Raúl Mulino; allocates resources for operating expenses in the order of B/. 20,739 million and for investments the sum of B/. 5,345 million.
These amounts represent an efficient and rational cut on this year’s budget of -15%. The strategy is to always prioritize investment lines in each State entity.
“This budget is framed in criteria of rationality of spending and its availability of financing, which demonstrates the search to guarantee the quality of public spending, where all inputs and outputs of public spending are included in the respective budget, as well as the transparency from the government vision and the achievement of results in favor of the population and the national community,” said the Minister of Economy and Finance, Felipe Chapman.
The Cabinet Council also approved the resolution that authorizes Minister Chapman to present the General State Budget bill to the National Assembly for the fiscal year 2025.
