Peru Asks Congress for 120-Day Legislative Powers Over Tax and Security
Peru's legislative powers request reached Congress on 28 August, seeking 120 days to legislate on tax, security and labor rules. The Fiscal Council warned the same day that announced changes to the fiscal rules need concrete measures. The post Peru Asks Congress for 120-Day Legislative Powers Over Tax and Security appeared first on The Rio Times .
On 28 August 2026, Peru's Prime Minister Luis Galarreta submitted a bill to Congress requesting 120 days of legislative authority over 66 different matters spanning eight policy areas. These areas include citizen security, prisons, taxation, customs, mining, housing, labor rules, and more. The bill aims to grant the executive branch the ability to create decrees on these subjects for a fixed period, from the date of enactment until late December or early January.
The Council of Ministers approved the bill the day before Congress received it. Neither the Chamber of Deputies nor the Senate has a majority, so the government will need to seek support from various political parties to pass the bill. The tax and interest-rate sections of the bill are particularly vulnerable, as they seek to simplify existing tax regimes and repeal a lending rate cap implemented in 2021.
If approved, the decree-making authority could significantly impact Peru's economy, particularly during the anticipated strong El Niño event.
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