2024-07-20 03:06:36
Las economic expectations continue to deteriorate and further weakening is anticipated for several years, warned the Center for Private Sector Economic Studies (CEESP).
In its weekly overview, He stressed that for the next 10 years, specialists predict an average annual growth of only 2%, the same as in the last 30 years.
“The situation is complicated by the downward resistance that inflation maintains and, therefore, by the restrictive monetary policy that the Banco Central. The response of monetary policy to the persistence of inflation has been decisive. Bank of Mexico has kept its interest rate unchanged since last March,” private sector analysts noted.
Economic specialists stressed that between January and May total income increased at an annual rate of 5.4% in real terms.
“In the case of public spending, an annual increase of 17.3% is observed in the period January-May, due to the significant allocation of resources to the flagship programs and projects of the government”.
On the administrative classification side, during the period, the greatest dynamism was observed in the expenditure of the secretariats of tourism and energy, which grew at an annual rate of 205.8% and 462.5%, respectively.
Spending on welfare increased 30% and in Labor and Social Security 88.8%. On the other hand, health spending contracted 49.7%.
“It seems that public spending has privileged criteria rather political, primarily with government projects whose profitability has not been proven and many doubts persist about their social benefits and with transfer programs lacking incentives for social mobility and without mechanisms to break the cycles of
preservation from poverty of the most needy social segments.”
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2024-07-20 03:06:36