Approval of the General Budget of the Republic

The Congress of the Republic approved the General Budget of the Republic for the following year. This approval took place in a complex political and economic context, marked by the terrorist violence of the PCP-SL and the MRTA, as well as by a serious economic crisis. The Minister of Economy Manuel Ulloas Elías had previously announced that 38% of the 1983 budget would be destined to the payment of the foreign debt. The approval of the budget took place a few days before the end of the year, in the midst of intense debates on the economic policies of Fernando Belaunde Terry's government.