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He current government begins with a scenario of low growth expectations with a lower pace of formal employment and a public deficit elevated, noted the Center for Economic Studies of the Private Sector (CEESP).
He stressed that without a doubt the first challenge that the new administration will face is the elaboration of the economical package for him next year.
“But to do so I would have to put aside the optimism that has characterized the calculation of the economic variables which are the main basis for its preparation, especially when the hard data they do not anticipate scenarios of high growth.”
The CEESP pointed out that the first approximation of the economic package presented in the document Pre-criteria 2025 It plans to reduce the public deficit by three points of GDP, to half of what is expected to end in 2024, the last year of the last six-year term, which is historically the highest.
However, this would imply a considerable spending adjustment of approximately 500 billion pesos (mmp), a figure that is slightly more than double what was budgeted for the government’s flagship projects in the last two years of the six-year term, which were the highest.