Mexico City – The Mexican Government cooks an unprecedented social expense in the 2024 Budgetthe last year of the six-year term of the president Andres Manuel Lopez Obrador and in which the largest electoral process that the country has ever experienced will take place.
Rogelio Ramírez de la O, Secretary of the Treasuryparticipated in the plenary meeting of brunette in the senateprior to the start of sessions of Congress on September 1, where he explained in general terms the Economy Package 2024 and avoided giving details of the Macroeconomic Framework.
“In 2024, the Government will continue to favor spending that directly affects the well-being of Mexican households. Thus, spending on social protection will reach unprecedented levels in GDP”
Rogelio Ramírez de la O, Secretary of the Treasury
Given that mega-projects are a presidential priority, such as the Mayan Train, the Dos Bocas Refinery and the Interoceanic Train, the only information he shared was that in 2024 investment spending will be 4% of the Gross Domestic Product (GDP).
The rest of the data was reserved for September 8, when the Treasury will send the Economic Package to Congress.
Ramírez de la O focused part of his speech on the social programs that have been elevated to a constitutional nature and that will have a central role in the Expenditure Budget project for 2024.
The programs guaranteed in the Constitution since May 2020 are the scholarships for students, the program of pension for disabled persons and the pension program for the elderly.
The official affirmed that social programs have been part of the dynamism of economic activity and will contribute to Mexico’s growth of 3% by the end of 2023. He only referred to saying that the program for older adults will increase the bimonthly amount to MXN$6,000 every two months. Currently the support is MXN$4,800.
According to Treasury calculations, by 2024 AMLO’s five main social programs would have a budget of MXN$581,912 thousand, an amount that is MXN$106,380 higher than the budget budget approved for this 2023.
These five programs are: Universal Scholarship for Benito Juárez High School Students, Benito Juárez Basic Education Scholarship Program for Well-being, Pension for the Well-being of the Elderly, Sowing Life and Pension for the Welfare of Persons with Permanent Disability
Constitutional reform towards the end of AMLO’s six-year term
Luisa María Alcalde, Secretary of the Interioralso attended the plenary meeting of Morena in the Senate, to deliver the presidential message on a package of initiatives that AMLO, as the president is known, will send so that more social programs are established in the Constitution.
As mentioned, the pension for the elderly, the scholarships for students and the pension program for people with disabilities were elevated to constitutional rank in May 2020, with which the president seeks to guarantee aid to the population beyond of his government.
The reform to the older adults program will propose lowering the age from 68 to 65 years and that it is guaranteed in the Constitution, The second initiative has to do with the universalization of the pension for people with disabilities, and the third initiative is to elevate the Sembrando Vida program to constitutional rank.
Another reform that will be sent other than social programs is in relation to the National Guard, the president will seek to give the Army operational control of the guard.
2023-09-01 20:02:39
#Government #Mexico #cooks #unprecedented #social #spending #Budget
