PULSE NEWS MEXICO By the year 2023, Mexico’s public debt is expected to reach 1.08 trillion pesos, representing an increase of 29.9 percent compared to the 2022 budget, according to a breakdown of President Andrés Manuel López Obrador’s (AMLO) new proposed annual economic package. The 2023 package, which was presented by the AMLO administration to Congress on Thursday, Sept. 8,
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By MARK LORENZANA Members of the Va Por México coalition, which consists of the centralist Institutional Revolutionary Party (PRI), the conservative National Action Party (PAN) and the left-leaning Party of the Democratic Revolution (PRD), reaffirmed their alliance on Tuesday, Aug. 30, and are set to agree on fielding their chosen candidates in the upcoming 2023 local public elections and the
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By KELIN DILLON The strained relationship between the United States and Mexico came to a head this week as the 75-day-long consultation process, as requested by the United States to address Mexico’s purported violations of the free trade United States-Mexico-Canada Agreement (USMCA), began between the two countries on Tuesday, Aug. 23 – and has reportedly already started on the wrong
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AMLO’s Fiscal Plan for 2023
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By MARK LORENZANA The Mexican federal government has continued its trend of prioritizing subsidies over investments, despite the economic crisis brought about by the covid-19 pandemic. In the first six months of this year, subsidies and financial transfers totaled 463.5 billion pesos, according to data released by Mexico’s Secretariat of Finance (SHCP). In contrast, physical investment — which is focused on building, conserving
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PULSE NEWS MEXICO According to preliminary numbers from Mexico’s National Institute of Statistics and Geography (Inegi), released on Thursday, Aug. 18, the nation’s economy shrank by 0.1 percent in July, constituting the third month in a row with a negative growth rate. In June, Mexico’s economy also contracted by 0.1 percent, and in May, it contracted by 0.2 percent, based
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By EARL ANTHONY WAYNE, former U.S. ambassador to Mexico
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By KELIN DILLON Crude oil prices dipped down more than $4 a barrel on Monday, Aug. 15, to the same market levels seen before the Ukrainian invasion, a trend prompted by the release of disappointing economic data from China – the world’s biggest crude oil importer – that very same day. The price of a barrel of U.S. West Texas
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PULSE NEWS MEXICO The “Real Thing” just got costlier this week in Mexico, when Coca-Cola Femsa bottlers announced on Monday, Aug. 15, that it was raising the price of its beverages by 1 peso per bottle or can. And as if that were not enough to hit your daily allowance pocketbook, next time you ask “Got Milk?” an affirmative answer
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Inflation, Drop-by-Drop
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