Sheinbaum offers to reduce the public deficit by 2025

The federal government is working on developing a strategy that will reduce the deficit in public finances by 2025, announced President Claudia Sheinbaum.

The president considered that there are conditions to achieve this. Even, he pointed out, We are making a very important effort for the 2024 budget closing, which is going very well. Everything is in order and there will be no problem; Let’s see what the deficit is with which we close 2024.

In parallel, he said that the Secretary of the Treasury, Rogelio Ramírez de la O, is working with the productive sectors and self-service chains to reach an agreement similar to the one established in the last six-year term to regulate the price of the basic basket and its products. go up in price. We are very advanced. The objective is to sign so that the basic basket does not increase.

To an express question about the inflationary increase reported by Inegi, Sheinbaum responded that the prices of basic basket products are even below those anticipated by Profeco in the last agreement signed. He ratified that the government’s commitment is not to increase the costs, in real terms, of gasoline and electrical energy.

Regarding the public deficit, he explained that in his last year of government, President Andrés Manuel López Obrador endorsed extraordinary items to complete the major works of his six-year term (Maya and Transoceanic Trains, and Dos Bocas refinery), which coincided with other expenses. not planned to deal with the damage caused by the hurricane Otis, in Guerrero.

These are decisions that involved a greater investment in 2024. Little of the work remains for next year from the past administration. He explained that in 2025, those of his administration will be in the executive project phase, so they require less investment than what will be needed in 2026 and 2027, when they are already started walkingwhich will contribute to managing the deficit.

However, he explained that to compensate for the jobs generated by public investment in López Obrador’s major works, in the next year, one of the central policies will be to intensify the construction of popular housing. Through the National Housing Commission and Infonavit, 50 billion pesos are available in each case to undertake this multi-year program.

In addition, he recalled that the Mayan Train and a branch of the Transoceanic railway (Salina Cruz to the Guatemalan border) are in their last phase, but require much less investment. On the other hand, work is already underway on the executive projects of a series of roads proposed in the 100 commitments of his government, and also on strategic works for drinking water and irrigation technology, which implies a significant investment, for which has made progress with businessmen and irrigation districts.

There is a project, there is a strategy, there is a national plan, we are clear about it, and at the same time, that will allow us to reduce the deficit by 2025. So, everything is scheduled, there are permanent meetings with the Ministry of Finance and we will good at closing 2024 and in 2025he concluded.