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
Mexico City. The National Institute of Fine Arts and Literature (INBAL) reported that the Ministry of Finance and Public Credit (SHCP) has already authorized the pending payments to 700 teachers who work on a temporary basis in various centers of this institution. He added that the “involuntary delay,” which led to protests over the past … Read more
Mexico City. President-elect Claudia Sheinbaum Pardo announced that she will keep Antonio Martínez Dagnino as head of the Tax Administration Service (SAT). After rejecting the idea of tax increases next year, he said that he will remain with the team from the Ministry of Finance and Public Credit (SHCP), except for Juan Pablo De Botton, … Read more
Mexico is working at full speed to comply by June 2025 with the recommendations given by the Financial Action Task Force (FATF) to prevent and detect resources of illicit origin, acknowledged the Financial Intelligence Unit (UIF) of the Ministry of Finance and Public Credit (SHCP). In June of next year, Mexico will enter the fifth … Read more
Mexico City. Eleven minutes before five in the afternoon, President-elect Claudia Sheinbaum arrived at the National Palace where she will meet with President Andrés Manuel López Obrador and the team from the Ministry of Finance to define, among other things, the public finances for her administration. The meeting, which will be held behind closed doors … Read more
Mexico City. The Ministry of Finance and Public Credit (SHCP) is preparing an initiative to reform the legal framework of currency exchange centers, seeking to strengthen the purchase and sale of foreign currency in cash that takes place at counters, reported Ángel Cabrera Mendoza, coordinator of banking and securities for the agency. Participating in the … Read more
Mexico City. In its fifth evaluation to be carried out in June 2025, the Financial Action Task Force (FATF) will focus on Mexico’s effectiveness in complying with the agency’s 40 recommendations to prevent money laundering and terrorist financing, reported the Financial Intelligence Unit (UIF) of the Ministry of Finance and Public Credit (SHCP). “Mexico has … Read more
At the close of the first half of the year, the federal government allocated 18,983.4 million pesos to pay the interest on the internal debt of Petróleos Mexicanos (Pemex) and the Federal Electricity Commission (CFE), a figure 11.9 percent higher in nominal terms – without discounting inflation – compared to the 16,950.9 million pesos allocated … Read more
Mexico City. Spending on public debt interest increased by 5 percent during the first half of the year, Given the environment of restrictive financial conditions and volatility; although overall this item reflected savings of more than 36 billion pesos compared to what was projected by the Ministry of Finance and Public Credit at the beginning … Read more
Mexico Metropolis. Mexico ought to analyze its commerce relationship with China from a extra goal perspective, mentioned Sergio Ley López, who was our nation’s ambassador to the Asian big (2001-2007), noting that 80 p.c of imports from that nation are intermediate items, that’s, parts which might be integrated into native manufacturing to make merchandise which … Read more