Mexican presidential candidate Xóchitl Gálvez. Photo: Google

By KELIN DILLON

On Tuesday, Oct. 17, Broad Front for Mexico (FAM) presidential candidate Xóchitl Gálvez presented the Mexican Chamber of Deputies with a new budget proposal that would designate 510.29 billion pesos toward health initiatives, social programs, public education and security.

This would designate 139.55 billion pesos toward the public health sector, a 144 percent increase from the current budget.

Security would also receive an additional boost of 20 billion pesos under Gálvez’s proposal, while the Secretariat of Welfare would be given 116.7 billion pesos to expand its pension program for adults aged 60 and older.

Likewise, Mexico’s education sector would benefit from a 34.5 billion peso budget increase under the initiative.

Gálvez’s proposal also included potential cuts to the Income Law to reduce Mexico’s fiscal debt by 188 billion pesos, and hiking the price of oil to 76.7 dollars per barrel.