Mexico reportedly spent 2.319 trillion pesos during the first quarter of 2024 compared to its 1.867 trillion peso income during the period, said the Secretariat of Finance and Public Credit
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Global commentators have suggested that the political wildcard for 2024 will be the United States
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Despite the uncertainty associated with the upcoming elections, Mexico’s economic outlook for 2024 looks relatively stable, given a combination of U.S. demand, government spending and remittances
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concerns have emerged over the possibility of an expanding crisis as Iran confirmed its involvement in the Hamas attacks and Iranian-backed Hezbollah intensifies its presence along Israel’s northern border
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By THE PULSE NEWS MEXICO STAFF Mexico’s Tax Administration Service (SAT) seems to have overharvested its big-corporation settlement program, leaving the Andrés Manuel López Obrador’s (AMLO) administration’s proverbial goose-that-lays-the-golden-egg revenue source quite literally overtaxed. According to figures from the Finance Secretariat (Hacienda), in the first 10 months of this year, the SAT collected just 148 billion pesos from audits of
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By THE PULSE NEWS MEXICO STAFF Financial remittances by Mexican ex-pats to their families back in Mexico are expected to reach a historic high in 2021 for the sixth consecutive year, and to represent more wealth than the entire GDP oh countries such as Venezuela, Bolivia and Paraguay, according to a recent report from the Center for Latin American Monetary
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By KELIN DILLON Over 2,000 micro- to medium-sized construction companies in Mexico are at risk of closure following the Mexican government’s repeated decisions to entask the country’s military with construction projects. The Mexican army has been given jurisdiction over the building of the Santa Lucía Airport and the Tren Maya, the construction of Bienestar Bank branches and the remodeling of
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By RICARDO CASTILLO Private Hospital Expropriations Mexican President Andrés Manuel López Obrador (AMLO) published an executive order on Friday, March 27, awarding the federal government the right to “make use of all medical sectors, public, social and private, in the regions affected by the Covid-19 pandemic.” In short, private hospitals may be privatized for pandemic use only. The decree, published
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By RICARDO CASTILLO Here’s the sequence of events that led to a market selloff at the Mexican Stock Exchange (Bolsa Mexicana de Valores) that provoked the loss of nearly 6 percentage points and nearly 90 billion pesos over the last week, mostly for banks. First, on Wednesday, Nov. 7, came the not-so-casual news from the National Regeneration Movement (Morena) political party majority leader
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