PULSE NEWS MEXICO By the year 2023, Mexico’s public debt is expected to reach 1.08 trillion pesos, representing an increase of 29.9 percent compared to the 2022 budget, according to a breakdown of President Andrés Manuel López Obrador’s (AMLO) new proposed annual economic package. The 2023 package, which was presented by the AMLO administration to Congress on Thursday, Sept. 8,
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By KELIN DILLON In new data revealed on Thursday, Jan. 6, by the Mexican Secretariat of Finance (SHCP), Mexico’s difference between income and public sector spending reached 472.8 billion pesos in 2021, the largest deficit the country has seen in the last six years. Between January and November of 2021, Mexico brought in some 5.2 trillion pesos through tax revenue,
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By KELIN DILLON While Mexican President Andrés Manuel López Obrador (AMLO) is expected to present Mexico’s 2022 Budget to the nation’s Congress on Wednesday, Sept. 8, the country is not expected to have any significant advances in public spending due to a number of debilitating economic factors brought on by the effects of the year-and-a-half-long covid-19 pandemic. During 2020 and
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