Peru will allocate US$4.7 billion to Defense and Interior in 2023

The Ministry of Economy and Finance has submitted to the Congress of the Republic of Peru the draft general public budget bill for the fiscal year 2023, including the budget items of the Ministry of Defense and Ministry of the Interior.

The figures cited in this article have been extracted from the public budget bill 2023, which is publicly available.

For the time being, taking into account that the draft budget has to be submitted by the Council of Ministers to the Plenary of Congress for debate and subsequent vote for approval, revision, or modification, the Ministry of Defense is allocated a budget item of PEN 7.3 billion (US$1.9 billion).

This situation is the result of the work of the Central Reserve Bank of Peru (BCRP), the autonomous entity in charge of the national monetary policy. Of course, these figures contrast with the optimistic announcements of the former Minister of Defense, José Gavidia, regarding investments in process for the Defense sector.

If to the 2023 budget of the Ministry of Defense, we add the budget of the entities attached to the sector, reaching PEN 7.8 billion.

On the other hand, the Ministry of the Interior has allocated PEN 10.9 billion.

No detail has been found on the allocation of funds for the construction of an Oceanic Patrol Vessel, as announced by former Minister of Defense Jose Gavidia, at least not in this initial opening budget proposal.

Nor has a specific budget allocation been found for a military transport plane (or two) for the Peruvian Air Force (FAP) and the same situation for the 8×8 armored vehicles for the Army.

With information from InfoDefensa

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