Peru Executive Weighs Supplementary Budget: Pension Hike, El Niño Funds

Peru's Executive is considering a supplementary budget bill for Congress that would raise the Pension 65 program to S/700 and fund El Niño risk mitigation, police strengthening, temporary jobs, and school kits. The proposal is under evaluation, so its scope and passage remain uncertain. This signals fiscal expansion ahead of potential climate shocks and social spending priorities.