By KELIN DILLON As Mexico’s National Guard (GN), created by Mexican President Andrés Manuel López Obrador (AMLO), has received a higher and higher budget every year since its inception — 922 million pesos in 2019, 4.82 billion pesos that was grew to 21.73 billion pesos in 2020, and 35.67 billion pesos in 2021 — many have raised concerned about the
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By THE PULSE NEWS MEXICO STAFF One of Mexican President Andrés Manuel López Obrador’s (AMLO) pet megaprojects — the construction of multi-billion-peso Tren Maya tourist train across the Yucatan Peninsula — keeps getting costlier and costlier, while projections for its completion keep getting delayed. According to the National Fund for the Promotion of Tourism (Fonatur), the Tren Maya will cost
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By KELIN DILLON In response to the Mexican federal government’s proposed budget for 2022, experts across multiple sectors have expressed concern that the steep financial allocations to megaprojects will leave the nation with little maneuvering room should unforeseen contingencies arise. “The budget has little room for maneuvering, and that room that we should use to stimulate the country’s growth has
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By KELIN DILLON On the afternoon of Wednesday, Sept. 8, Mexican Secretary of Finance and Public Credit (SHCP) Rogelio Ramírez de la O presented Mexico’s 2022 budget plan to the Chamber of Deputies under the administration of President Andrés Manuel López Obrador (AMLO), featuring no increase in taxes, increased spending in the health sector, and historical levels of public investment.
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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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By KELIN DILLON A massive extra 68 billion pesos have been given to the construction of Mexico’s controversial Dos Bocas refinery in Tabasco during the first semester of 2021 — more than what was given to the country’s health sector during the same time period despite the deadly coronavirus pandemic. Data from Mexico’s Secretariat of Finance (SHCP) revealed the initially
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By KELIN DILLON After Mexican President Andrés Manuel López Obrador (AMLO) already handed his pet project the National Guard and 35 billion pesos at the beginning of the year, López Obrador decided to give them yet another 50 billion pesos on Monday, July 26, more than doubling their already-appointed budget. AMLO said the added funds will help the National Guard
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By THÉRÈSE MARGOLIS British Prime Minister Benjamin Disraeli once famously quipped, “There are three kinds of lies: lies, damned lies and statistics.” The point that Disraeli was trying to make is that the selective use of numbers can bolster any argument and disguise any truths to accommodate a political agenda. Nowhere is that persuasive power of carefully culled figures more
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By KELIN DILLON Mexican President Andrés Manuel López Obrador (AMLO) announced on Tuesday, Feb. 23, that he had sent a letter to the governors of the nation to propose a “national agreement in favor of democracy,” particularly relating to electoral interference. The day after AMLO announced that he would be handing out three months of social benefits to the elderly,
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By KELIN DILLON Mexico’s Superior Audit of the Federation (ASF) backtracked on the numbers released in it’s 2019 public audit of the New Mexico International Airport’s (NAIM) cancellation, citing inconsistencies in methodology, alleging the real cost to be lower than previously reported. The ASF’s initial audit found the NAIM’s cancellation cost 331.9 billion pesos, 232 percent more than estimated by
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