Regulatory Alerts2016-01-05
Added · Updated
Law No. 30372: Public Sector Budget Law for Fiscal Year 2016
Law No. 30372 approves the Public Sector Annual Expenditure Budget for Fiscal Year 2016 totaling S/. 138,490,511,244.00, financed by ordinary resources, direct collections, official credit operations, donations, and determined resources. The law prohibits salary increases, bonuses, and new benefits for public sector personnel, while capping holiday bonuses at S/. 300.00 and education bonuses at S/. 400.00. It restricts public sector hiring to specific exceptions, bans overtime expenses, and limits budget modifications for certain expenditure items and the Ministry of Defense and Interior.
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