By KELIN DILLON On the heels of the controversial irregularities found and publicly released by Mexico’s Superior Audit Office of the Federation (ASF) in a report surrounding the construction of the country’s megaprojects, a new source of contention has arisen from ASF findings: Federal Attorney General (FGR) Alejandro Gertz Manero and close collaborator of Mexican President Andrés Manuel López Obrador
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By KELIN DILLON Despite demands from Mexico’s in-power National Regeneration Movement (Morena), the party of President Andrés Manuel López Obrador (AMLO) and current majority in the congressional lower house, that it put an end to apparent “privileges” by the autonomous organization the National Electoral Institute (INE), Morena members serving in the Chamber of Deputies have still been enjoying the major
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By KELIN DILLON Following an investigation by Mexico’s Financial Intelligence Unit (FIU) of the Secretariat of Finance and Public Credit (SHCP), financial records tracking the spending of controversial Attorney General (FGR) Alejandro Gertz Manero and recently disgraced former FIU head Santiago Nieto showed the two officials’ extravagant spending habits, doling out millions and millions of pesos for exotic cars, luxury properties
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By KELIN DILLON According to the latest iteration of the Financial Secrecy Index, ranking the fiscal transparency of different global corporations and companies, Mexico sits at 80th out of the 133 countries on the list, placing the country firmly as one of the least financially transparent nations in the world. Mexico earned a 52.7 out of 100 points on the
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By KELIN DILLON Following his ratification as the head of Mexico’s Secretariat of Finance and Public Credit (SHCP), incoming Secretary of the Treasury Rogelio Ramírez de la O promised he would simplify the country’s tax structure in accordance with President Andrés Manuel López Obrador’s (AMLO) economic plan. “Small and medium taxpayers cannot meet their obligations with the complex and expensive
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By THE PULSE NEWS MEXICO STAFF The first draft of a public expenditure audit of the second year of President Andrés Manuel López Obrador’s (AMLO) administration showed fiscal irregularities amounting to 588 million pesos. The extensive audit of government spending for 2020, which was released on Wednesday, June 30, by the Office of the Superior Audit of the Federation (ASF),
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By KELIN DILLON Mexico’s state-owned oil company Petróleos Mexicanos (Pemex) reportedly lost 1.23 billion pesos worth of its assets and inventory that were unaccounted for in a recent audit, which now must be located. The company’s internal audit, which was originally set to take place between January 2019 and March 2020, was unexpectedly set back by the covid-19 pandemic and
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By THÉRÈSE MARGOLIS Money, in addition to being the fuel that powers any nation’s economy, is the tangible record of its unique history. The coins, bills and promissory notes a country mints inevitably carry portraits and images of iconic national heroes and patriotic symbols, reflecting the country’s inimitable ideology and fundamental principles. Since 1992, the Museo de Numismática del Estado
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