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Feeling the Squeeze
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Mexican Army Boosts Budget by 1000 Percent under AMLO
By KELIN DILLON The Mexican Secretariat of National Defense’s (Sedena) Military Equipment Payment and Administration Trust (Fidape) has reportedly increased its budget by 967 percent since the beginning of current Mexican President Andrés Manuel López Obrador’s (AMLO) administration in December 2018, according to figures released by the daily newspaper Reforma. When the previous presidency ended, Fidape’s trust sat at just
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Fiscal Cutbacks for Mexican Politicians
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Scaling Mexico’s 2021 Federal Budget
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Mexican Government Budget Allocations for States
Read moreMexico’s Financial and Pandemic Budget for 2021
By RICARDO CASTILLO It is that time of the year in Mexico when the Treasury Secretariat sends what is known as “the economic package” for the year to come. On Tuesday, Sept. 8, Treasury Secretary Arturo Herrera visited the Chamber of Deputies to hand deliver “the package” to new Deputies’ President Dulce María Sauri Riancho. Legally known as the “Law
Read moreAMLO Says Mexico’s Debt Will Remain Steady
XINHUA Mexico’s public debt will remain stable over the coming years despite the damage to the economy in 2020 caused by the novel coronavirus (covid-19) pandemic, President Andrés Manuel López Obrado (AMLO) said Wednesday, Sept. 9. AMLO’s administration submitted a budget proposal for 2021 that aims to reduce the so-called Historical Balance of the Public Sector Financial Requirements to 53.7
Read moreThe Lull before the Financial Storm
By RICARDO CASTILLO This is the summer storm season for Mexico, so talking about yet another up-and-coming tempest – and not in a teapot – is not only normal, but also routine. The one storm I want to deal with today is the current drafting process of the 2021 Economic Package that Mexican Treasury Secretary Arturo Herrera is in the
Read moreMorena Majority Approves AMLO’s 2020 Expenses Budget
By RICARDO CASTILLO … The Chamber of Deputies has approved the 2020 budget, which helps social programs and cuts funding for autonomous institutions…
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A Look into Mexico’s Economic Future
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