Tag Archives: Treasury Secretariat

Congress Goes on Untendered Spending Spree, Gives Deputies Huge Bonuses

By THE PULSE NEWS MEXICO STAFF Mexico’s lower house Chamber of Deputies pulled out all the stops when it came to spending in the second half of 2021, handing out untendered contracts right and left (well, maybe more left than right) for unbidded-on services and goods in an effort to use up its allocated annual budget. During the second session

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The President’s Salary

OPINION By ALEJANDRO ENVILA FISHER Since Andrés Manuel López Obrador (AMLO) took office three years ago, no government official in Mexico, be it fe3deral, state or municipal, nor member of any autonomous bodies or the country’s federal judicial powers, is allowed to have a salary higher than — or even equal to — that of the president. However, since a

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Mexican Treasury Plans to Send Accountants to Prison

By THE PULSE NEWS MEXICO STAFF Mexico’s Treasury Secretariat (SAT) on Monday, Sept. 27, announced that it plans to imprison accountants who it considers to be accomplices of corporate fraud if they do not report fiscal irregularities within the companies they audit. The tax package for 2022 proposes a return of the figure of a mandatory tax judge. Under the

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Mexican Attorney General Investigates Past President’s Allies

By THE PULSE NEWS MEXICO STAFF Mexico’s Attorney General’s Office (FGR) is apparently investigating the financial operators of former President Enrique Peña Nieto and his Secretary of the Treasury Luis Videgaray Caso, as well as those of former National Action Party (PAN) presidential candidate Ricardo Anaya Cortés, according to a report from the Milenio daily newspaper. Milenio said that those

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Mexican Auto Parts Exports Soar in First Quadmester

By THE PULSE NEWS MEXICO STAFF Mexico’s auto parts exports increased by 27.5 percent in the first four months of 2021, compared to the same period in 2020, according to the National Auto Parts Industry Association (INA). The surge — the largest increase since 2010 — was primarily the result of the implementation of the United States-Mexico-Canada Agreement (USMCA), which

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PT Legislator Racks Up Long List of Alleged Embezzlements

By THÉRÈSE MARGOLIS Mexican Labor Party Deputy Mauricio Toledo just can’t seem to dodge the bullets that keep being hurdled at him for alleged illicit enrichment and other criminal charges. Toledo, who took office in 2018 as part of the majority party National Regeneration Movement’s (Morena) leftist coalition, is currently being investigated by the Attorney General’s Office of Mexico City,

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