HR Ratings changed Mexico’s outlook from stable to negative and ratified the short- and long-term sovereign risk ratings, the firm reported in a statement. This is the second change in perspective for Mexico, since last Thursday, November 14, one day before the Ministry of Finance and Public Credit (SHCP) delivered the 2025 economic package project … Read more
The ability of the new Mexican government to lower the fiscal deficit, which in 2024 will be around 6 percent of the gross domestic product (GDP), is limited by an increasingly rigid expense structure and a narrow revenue baseMoody’s said this Thursday, announcing a change of stable a negative in the perspective of the country’s … Read more
Mexico City. The Mexican government anticipates that the Mexican economy will grow between 2 and 3 percent next year, indicate the General Economic Policy Criteria for 2025 presented this Friday by the Ministry of Finance and Public Credit (SHCP). This estimate remains unchanged with respect to the Pre Criteria that were presented in April of … Read more
Mexico City. The ability of the new Mexican government to reduce the fiscal deficit, which in 2024 will be around 6 percent of gross domestic product (GDP) “is limited by an increasingly rigid spending structure and a reduced income base,” Moody’s said this Thursday, announcing a change from “stable” to “negative” in the outlook for … Read more
Mexico City. After the Secretary of the Treasury, Rogelio Ramírez de la O, delivered the 2025 Economic Package to the Chamber of Deputies, the Supreme Court of Justice of the Nation (SCJN) indicated that “the budget project was built based on the configuration current organizational structure of the Court and with the operational needs, considering … Read more
In the period from January to September 2024, the financial cost of the public debt was 851 thousand 77.5 million pesos, an increase of 7.1 percent in real terms annually – discounting inflation – compared to the same period in 2023, according to data from the Ministry of Finance and Public Credit (SHCP). In comparative … Read more
The purchase of medicines for 2025 will be in charge of a collegiate committee headed by the Ministry of Health, with the support of the Ministry of Public Administration, reported Raquel Buenrostro, head of the agency. This was decided by President Claudia Sheinbaum, he said. The aim, explained the director of the Mexican Social Security … Read more
Mexico City. A few days after the end of the administration of President Andrés Manuel López Obrador, the Ministry of Finance and Public Credit (SHCP) extended by one month the term for the payment of the right for shared utility (DUC) that Petróleos Mexicanos (Pemex) must make in August, in order for the state company … Read more
Mexico City. The Undersecretary of the Treasury Gabriel Yorio González will not repeat his position during the administration of President Claudia Sheinbaum Pardo. According to sources consulted by The Daywhich are aware of the issue, the second most important official within the federal agency will leave his position once the administration of President Andrés Manuel … Read more
Mexico City. In the first eight months of 2024, the public sector observed a deficit of 897 billion pesos, because the federation spent 5 trillion 947 billion pesos and only obtained income of 5 trillion 049 billion pesos, revealed data revealed this Friday by the Ministry of Finance and Public Credit (SHCP). According to the … Read more