Tag Archives: Treasury

Mexico’s Public Deficit Spikes by 24 Percent in 2022

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,

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AMLO Suspends Subsidies for Premium Gasoline

PULSE NEWS MEXICO Mexican President Andrés Manuel López Obrador (AMLO) on Friday, Aug. 5, announced the his administration would no longer provide financial subsidies to offset the high cost of premium gasoline. In March of this year, after global oil prices skyrocketed as a result of the war in Ukraine, López Obrador ordered the Treasury to provide a nationwide Special

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Felipe Ángeles Airport Hemorrhaging Money with No End in Sight

PULSE NEWS MEXICO Between March 21 and April 21, the new Felipe Ángeles International Airport (AIFA) registered a net loss of 22,902,811 pesos, according to Mexican government statistics. During its  first 30 days of operation, the air terminal, located in Zumpango, in the State of Mexico (EdoMéx) reported revenues of 308,331 pesos. However, the cost of operating the AIFA during

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The Real Perpetrator behind the Murders of Mexico’s Journalists

OPINION By THÉRÈSE MARGOLIS On Thursday, Feb. 10, yet another Mexican journalist was murdered, the fifth so far this year, and the 50th since President Andrés Manuel López Obrador (AMLO) took office three years ago. Heber López, from the internet news site Noticias Web in Salina Cruz, Oaxaca, was shot dead in broad daylight as he left his office Thursday

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Mexico’s Fiscal Trials Increase by 94 Percent in 2021

By KELIN DILLON More than 23,000 trials pertaining to tax-related issues were carried out in Mexico during 2021, a significant increase from the pandemic-afflicted year of 2020, when only 11,871 trials of the same nature took place. However, considering the Federal Court of Administrative Justice (TFJA) was closed from March 18 to June 30, 2020, due to covid-19 pandemic health

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