He public budget for Mexico in 2024 will favor the social programsespecially to the government pension for older adults that will be guaranteed the 25% increase announced by the president Andres Manuel Lopez Obradorone year after concluding his mandate.
This increase was announced to the media this Thursday by the president of the Budget and Public Accounts Commission of the Chamber of Deputies of the Mexican Congress, Erasmo González, prior to the delivery of the 2024 Economic Package this Friday, which contains the country’s economic and fiscal policy.
And also, of course, all other pensions or supports: people with disabilities, young people and the ‘Sembrando Vida’ programs, all those for fertilizers,”
he abounded.
González added that a growing trend continues in government economic support implemented by López Obrador, as he stated that they are resources that go directly to the economy of Mexican families.
“The orientation of social spending was marked from the first year of the Federal Government budget,” and he assured “that resources from federalized spending of the states,” he stated. In his fifth government report on September 1, Lopez Obrador announced that it will implement an increase in the call “Welfare Pension”, while the owner of the Secretary of the Interior (Interior)Luisa María Alcalde, anticipated that the Government of Mexico will promote reducing the minimum years required to 65 years to receive this benefit.
We are about to send next year’s Budget to Congress “and a 25% increase in pensions is already being contemplated and all welfare programs will have increases even when only the inflationary increase is considered,”
López Obrador announced then.
The legislator of the Lower House of Congress announced that the resources to ensure the priority works and mega infrastructure projects of the current administration “are going down” due to their progress and completion times, while he announced that he will not receive a budget on Felipe Ángeles International Airport (AIFA).
Let’s hope that the investment for next year will be less. In the case of the Mayan Train, the Dos Bocas Refinery, and the Transisthmian Train, let’s hope it is reduced; However, we also understand that there are other projects that can be started soon,”
said.
The representative for Tamaulipas, a state in northeastern Mexico, maintained that there will be no tax increases, “more than in terms of inflation,” while rejecting the creation of new tax obligations.
In addition, he anticipated that the Mexican Government’s perspective projects growth for 2024 of a maximum of 3.5%.
“We estimate that this will generate an automatic growth of the Income Law. In this perspective, we will also have a broader ceiling to estimate the Expenditure Budget of the Federation,”
he concluded.
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