Tag Archives: money

FIU Reveals Exorbitant Spending by Gertz, Nieto

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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Mexico’s New Treasurer Promises Tax Simplification

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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Audit Uncovers Government Irregularities for 588 Million Pesos

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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Pemex Missing More than a Billion Pesos in Inventory

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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A History of Mexico, Cast in Silver and Gold

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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