In electoral matters, only “the process is missing on June 2”: Sheinbaum

Mexico City. Claudia Sheinbaum, candidate of the Let’s Keep Making History coalition (Morena, PVEM and PT) for the presidency of the Republic, considered that in electoral matters only “the process is missing on June 2.” This after at the 2024 National Meeting of Regional Advisors of BBVA México, the moderator asked him if “has the rice been cooked yet in electoral matters?”

Sheinbaum Pardo limited himself to answering that the June 2 process is only a procedure, while addressing the regional advisors of the bank with the greatest presence in the country to emphasize: “we are going to do very well (…) we are at a very good time for Mexico. There will be things on which we do not agree,” but the objective is to put forward the development of the country’s regional vocations.

In the meeting with the regional advisors of BBVA, Sheinbaum Pardo recovered the economic project that he presented three weeks ago at the 87th Banking Convention, in which he proposes twelve additional regional development poles to the ten promoted by this administration; the installation of 100 industrial parks to attract the relocation of companies; and housing construction as the main buffer to the spending cuts that are planned for next year.

To avoid a slowdown in the economy and provide jobs, we will seek to detonate the capabilities of the Institute of the National Housing Fund for Workers (Infonavit) with the construction of one million homes throughout the six-year term, “in which the major infrastructure works,” he commented.

The doctor in environmental engineering said that there is no dilemma between the energy transition and support for Petróleos Mexicanos (Pemex).

“Pemex not only has to be seen in its own profitability,” but as a part of the development plans of the Mexican State. In addition to the hydrocarbon sector, petrochemicals can also be involved in the exploitation of lithium and renewable energy sources, he commented.

Also in energy matters, Sheinbaum emphasized that the objective is 54 percent to be provided by the Mexican State and that in the remaining 46 percent “the investment rules are very clear (…) there are options” for the private sector to participate. , without ruling out self-generation.

Involve the Bank of Mexico in the Pemex debt

The most recent data reported by the oil company shows that 33,278 million dollars, a third of Pemex’s current debt, must be paid no later than March 2026, the first year and a half of the next administration. The volume of liabilities that the state-owned company has will require a significant refinancing, which will even have to work with the Bank of Mexico, given “the importance” of the state-owned company, Sheinbaum said.

Also as part of the fiscal projections, he promised to maintain a “reasonable balance between GDP and debt.” And he announced that the pension project promoted by this administration has an expiration date of 2032, from there we will see what will happen.

The former head of government did not rule out seeking the current Secretary of Finance and Public Credit to stay on top of public finances, after the 5.9 percent deficit expected by the end of 2024. “My first task on June 2 is talk to Dr. Rogelio Ramírez de la O “I hope he will agree to us staying for some time in the Ministry of Finance,” said the candidate.

Digitizing customs will increase revenue by 20%

Sheinbaum Pardo considered that modernizing customs will provide an additional 250 billion pesos without the need to make a major change in the tax scheme; especially because currently these facilities “have very serious problems in delaying the passage of goods.”

He detailed that the administration of President Andrés Manuel López Obrador managed to increase customs collection from one trillion to one trillion 250 billion pesos, but, he assured, only with modernization and digitalization this amount can increase by 250 billion.

This modernization of customs, to accelerate customs clearance; Added to the digitalization of processes – and a Procedure Simplification Law that applies to the three levels of government to attract investment – ​​and the growth of the economy itself will increase public income “without the need for a deep fiscal reform.”

Sheinbaum was received by Carlos Torres Vila, president of the BBVA Group and Carlos Osuna, vice president, General Director of BBVA México; and from her team she was accompanied by Juan Ramón de la Fuente, coordinator of the Dialogues for Transformation; Ana María Lomelí and José Merino.