- According to the Institute, it currently has a historical reserve of 401 billion pesos.
- The stability in the IMSS finances has been caused by the increase in the minimum wage, the increase in the contribution base salary, employment and own income generated from financial investments.
- For this 2023, work will be done to make spending more efficient, for which Social Security will have a budget of 1.2 trillion pesos, which represents about 4 percent of the estimated GDP for this year.
The welfare policies implemented by the federal government have allowed the Instituto Mexicano del Seguro Social (IMSS) is in good condition and with secure finances. According to its director, Zoé Robledo, it has a historical reserve of 401 billion pesos, which gives it financial sufficiency for 13 years.
The keys to secure finances from the IMSS
At the inauguration of the workshop Heads of Finance Services 2023explained that IMSS income grows due to the increase in the minimum wage, the increase in the contribution base salary, employment and own income generated from financial investments.
He pointed out that in 2013 the IMSS entered 11 thousand 156 million pesos. While at the end of 2022 it was 23 thousand 191 million pesos, that is, “an increase of 47 percent, which gives strength to an institution that depends on the participation of workers, employers, and the government.”
The General Director of Social Security assured that with these achievements and what has been experienced during the COVID-19 pandemic, the IMSS Finance Directorate is more solid to face the unexpected, more humane for budget allocation and more social to support the task that health is a right.
In his speech, the governor of the state of Tamaulipas, Américo Villarreal, stressed that the institutions are made to respond to the needs that afflict the population at different stages of development.
He recalled that during the COVID-19 pandemic, Mexico was one of the countries that registered high vaccination rates, obtaining more than 250 million doses that were distributed in a timely manner among the population.
For his part, the Undersecretary of Finance and Public Credit, Gabriel Yorio Gonzalezsaid that this IMSS meeting is a planning exercise with the most important public financial managers in the country and contributes to the efficiency in the management of resources, especially to comply in a timely manner with the requirements of a health system such as the that the Mexican government has.
The future of IMSS
On his occasion, the Social Security Finance Director, Marco Aurelio Ramírez Corzo, explained that in 2022 the worker-employer contributions had a surplus of more than 37 billion pesos and in terms of spending, they were disbursed 47 billion pesos more to meet the demands and needs of the rightful estate.
He pointed out that in 2023 work will be done to make spending more efficient, for which Social Security will have a budget of 1.2 trillion pesoswhich represents about 4 percent of the estimated GDP for this year.
The head of the Financial and Actuarial Risk Unit of the Finance Directorate, Mónica Alejandra Montano López, said that the Finance areas are in charge of conducting the efficient use of resources that provide social security to more than 21 million workers and their families.
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