By KELIN DILLON According to the Mexican Center for Economic and Budgetary Research (CIEP), if the current tax subsidies provided to gasoline and diesel by the Special Tax on Production and Services (IEPS) are maintained, the Mexican economy will lose 554 billion pesos and experience 2.4 percent contraction in GDP in 2022 as a direct result of the policy. Given
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By THE PULSE NEWS MEXICO STAFF Keeping President Andrés Manuel López Obrador’s (AMLO) promise on Thursday, March 3, to not raise gasoline prices as global crude oil prices soar will come with a hefty price tag for his administration, experts warned on Friday, March 4. Just last January, the fiscal stimulus granted by the government to gasoline consumers represented a
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By THE PULSE NEWS MEXICO STAFF The cost of Mexico’s Dos Bocas refinery — one of President Andrés Manuel López Obrador’s pet megaprojects — is expected to cost 40 percent more than previously estimated — some $3.6 billion more — and is unlikely to be completed before the government’s 2022 deadline, inside sources reported. Construction of the 340,000-barrel-per-day refinery is
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By THE PULSE NEWS MEXICO STAFF If Mexican President Andrés Manuel López Obrador’s (AMLO) controversial electricity reform — which would prioritize the use of state-run carbon-based fuels over private, clean-sourced energy — passes, the federal budget could lose up to 261 billion pesos in 2022, according to the Center for Economic and Budgetary Research (CIEP), Mexico’s top independent thinktank. In
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By KELIN DILLON In the first 26 months of Mexican President Andrés Manuel López Obrador’s (AMLO) administration, Mexico’s foreign debt increased by $22.3 billion, an increase of 46 percent from the term of his predecessor, Enrique Peña Nieto (EPN). The difference in external debt accrued between the two presidencies amounted to approximately $7.3 billion. Carlos Vázquez Vidal, an analyst at
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By RICARDO CASTILLO Covid-19 Protection Arriving Mexico received the first plane load of medical materials from China on Wednesday, April 8, to supply its hospital personnel nationwide of much-needed protection while caring for patients infected with Covid-19. Foreign Relations Secretary Marcelo Ebrard said that Mexico paid $56.481 million to acquire 180,000 pairs of globes, 16,174,000 surgery masks and 11.5 million
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By EARL ANTHONY WAYNE, former U.S. ambassador to Mexico
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