The MEF asked Congress for a supplementary credit of S/ 8,228 million. Cuba made the case for it before the Bicameral Budget Committee (Peruinforma, Diario El Pueblo). Interior would receive S/ 1,097 million and S/ 581 million would go to El Niño. It would be financed with ordinary resources, from higher collection associated with copper, and with debt: sovereign bonds for more than S/ 4,426 million (Infobae). The outlets differ on the percentages: 46.2% ordinary resources and 53.8% credit in one report, roughly 54% in current spending in another.
A supplementary credit enlarges the budget that was already approved. It increases the year’s spending and debt, and it measures how much fiscal room the new Government has amid a climate threat.
If you live on the north coast, the prevention money arrives only if Congress approves the bill. If you follow the economy, more debt in bonds can affect interest rates and the sol.
For the MEF, copper revenue makes it possible to meet urgent priorities without breaking the deficit rule.
For critics, financing more than half with debt is expensive, and the argument about obligations omitted by the previous administration must be documented.
Watch the vote in Congress and whether El Niño spending is carried out on time: funds often arrive late. Also the cost of the bonds that are issued and the figures for copper revenue. Without execution, the credit only enlarges the debt.
Infobae, Andina, El Peruano, Caretas, Proactivo, Energiminas, Diario El Pueblo (Oct. 6, 2026)
Government asks Congress for an S/ 8,228 million supplementary credit for public works, security and El Niño prevention
Economy Minister Elmer Cuba made the case for the request before the Bicameral Budget Committee. Nearly 54% would be financed with debt, according to Infobae and other reports.
Economy and Finance Minister Elmer Cuba defended before the Bicameral Budget Committee a supplementary credit bill of S/ 8,228 million, about US$ 2.3 billion (Infobae, Andina, El Peruano, Caretas, Proactivo, Energiminas). The MEF says the amount covers the continuation of public works, social services and the response to the El Niño phenomenon, as well as obligations that were not in the previous administration’s budget.
The Interior Ministry would receive S/ 1,097 million for pensions, police equipment and public safety, and S/ 581 million would go to prevention and emergencies tied to El Niño. The money would come from ordinary resources, mainly higher SUNAT tax collection linked to copper, and from credit operations: the issuance of sovereign bonds for more than S/ 4,426 million, according to Infobae. The reports differ on the exact percentages. Cuba said the fiscal position makes it possible to meet the deficit rule.