Peru’s Government Approves a Controversial 122% Pay Raise for President Boluarte Amid Regional Disparities

In an unprecedented move that raises serious questions about priorities and governance, the Peruvian Council of Ministers approved a staggering 122% increase in the monthly salary of President Dina Boluarte, from 16,000 soles to 35,568 soles (approximately $9,990 USD). This decision was announced by the country’s Minister of Economy and Finance, Raúl Pérez Reyes. According to Pérez Reyes, this pay hike follows an official methodology comparing presidential salaries across twelve Latin American nations—adjusted for purchasing power parity—aiming to align Peru’s presidential compensation with regional standards. However, this metric conveniently overlooks the broader economic reality facing everyday Peruvians. Ignoring The Plight...