He added that the initiative contributes to stability because it contemplates public debt below 50% of the Gross Domestic Product (GDP), in addition to ensuring the resources to finish the emblematic works of the current administration and freeing the government from spending pressures. incoming.
The federal official highlighted the social component of the Economic Package, as it contemplates 4.4 billion pesos for this purpose, an amount that represents 68% of programmable spending.
“Mexico has solid economic pillars and a high fiscal and financial management capacity to face any challenge that could materialize in the following years and the next administration will also have these elements,” said Gabriel Yorio.
“Global organizations and rating agencies recognize the financial strength, reflecting the confidence that international investors have in Mexico,” he added.
October 20 is the deadline to approve the Income Law initiative by the Chamber of Deputies, which must be submitted to the Senate and which will have until the 31st of the same month to approve it. November 15 is the deadline for the Lower House to approve the Federation Expenditure Budget.
More information in a moment.