By KELIN DILLON While Mexico has long been spending more than it brings in through revenue, 2022 saw the country’s public deficit increase by approximately 26 percent – the largest deficit spike it has experienced since 2016. According to figures from Mexico’s Secretariat of Finance (SHCP), Mexico’s public deficit between January and November of 2022 stood at 611.1 billion pesos,
Read more
By KELIN DILLON In the early hours of Wednesday, Oct. 26, Mexico’s Senate approved the proposed 2023 Federal Income Law in a vote of 65 in favor, 44 against and two abstentions, preserving the initiative verbatim sent by the executive branch and Chamber of Deputies, without any changes. Set to go into effect in 2023, the newly passed Federal Income
Read more
Need some solid advice on contemporary lifestyle issues? Just ask Caroline
Read more
By JUAN DE JESÚS BREENE One of the first topics in most high school world geography classes is, “Why are some countries rich while other countries are poor?” The answer is a relatively simple one: a combination of its level of corruption, its geography, climate, whether it is landlocked, security of property rights, economic flow and, one of the most
Read more
By JUAN DE JÉSUS BREENE While this topic might not be sexy, for those who live in Mexico, and even more so, for those who are considering investing here, the concept of debt vulnerability is an important factor to consider in the puzzle of a country’s economic health. Sure, Mexico is a massive player in the world economy, an economy
Read more
PULSE NEWS MEXICO Just two days after the U.S. financial services rating agency Standard & Poor’s (S&P) revised its long-tern outlook for Mexico from negative to stable, Moody’s Analytics, another of the Big Three credit rating agencies, on Friday, July 8, downgraded the country’s sovereign bonds to Baa2, the next-to-last rung of investment grade, adding that Mexico’s economy will remain
Read more
By THE PULSE NEWS MEXICO STAFF In the month of April, Mexico’s state-owned oil company Petróleos Mexicanos’ (Pemex) debt to suppliers increased by more than 84 percent compared to the previous month and to almost twice the comparable figure five months ago. According to the company’s own statistics, released in a quarterly report, Pemex’s debt to suppliers and contractors went
Read more
By THE PULSE NEWS MEXICO STAFF During the first month of 2022, Mexico’s public sector fiscal deficit amounted to 64.533 billion pesos, the highest for a similar month in six years. This amount was 10.4 times greater than the deficit that was recorded in January 2021 and the highest that has been reported for the first month of the year
Read more
By KELIN DILLON In an attempt to reduce its foreign debt, Mexico’s state-owned fuel company Petróleos Mexicanos (Pemex) received $3.5 billion in bond buybacks from the Mexican federal government, the country’s Secretariat of Finance (SHCP) reported on Tuesday, Dec. 7. This financial injection is equivalent to 74 billion pesos, about half the annual budget given to Mexico’s Secretariat of Public
Read more
OPINION By JESSICA GUERRERO MORELIA, Michoacán — A few weeks ago, a media scandal erupted in Mexico after the announcement of an arrest warrant issued by federal authorities for well-known television host Inés Gómez Mont and her husband Victor Manuel Álvarez Puga. The Mexican government issued an international Interpol alert against the couple in order to prevent their possible flight to
Read more