Sheinbaum warns of a ‘necessary’ increase in taxes in 2025

by times news cr

2024-07-26 01:17:04

After meeting with the Secretary of Treasury and Public Credit, Rogelio Ramírez de la O, the virtual president-elect of Mexico, Claudia Sheinbaumreported that the country enjoys healthy finances and therefore next year there will be no new taxes, but the necessary increase, according to the inflation.

In the first meeting of the future president with who will be the secretary of Treasury in your Governmentwas considered a deficit of 3% by 2025 and the guarantee that there will be sufficient resources for current and new social programs, as well as those Projects of investment such as passenger trains to the north of the country.

“A 3% deficit is considered, which is something that anyone accepts. government, We are not either programming and indebtedness important, practically the very maturities that are coming,” he said in an interview.

“We are allocating enough resources for the train project, for water, and resources for current and new social programs. In total, there are around 300 billion pesos,” he said.

He emphasized that the tax increase will only be the one that is set by inflation. “We are reviewing but there will not be new taxes and the increase will be in real terms that correspond to the inflation.” inflation as appropriate each year.”

In addition, Sheinbaum said that these meetings with the head of the Treasury will continue because they are planning the budget of the first year of his government.

He explained that, in next year’s budget, a number of projects are planned 50 billion of pesos for current welfare programs, plus new ones such as support for women aged 60 to 64, the universal scholarship for students from preschool to high school.

“In addition to the investment budget, both in water as mobility and the budget for the trains, which would be our main work, and housing.”

He reiterated that “there is still room to reduce the operating budget without affecting the operation of the own Government and at the same time for the priority programs that we are proposing.”

On the other hand, he clarified that the new Digital Transformation Agency It does not imply the creation of more bureaucracy, “all the changes in the government that we are proposing are cost-compensated, this agency will allow us to reduce procedures and increase contributions.”

AMLO rules out risks in financial transition

Regarding the statements of specialists and some members of the opposition that their administration would inherit Claudia Sheinbaum tight finances, due to the deficit authorized for this year for the charges that represent works and social programs,

President Andrés Manuel López Obrador ruled out some kind of risk during the financial transition:

“There is no risk, there is no fear of anything, and in addition, public finances are very strong in our country (…) they are not informed –the opposition- and people already know that Mexico’s economy is fine and there is nothing to fear.” /Luis Valdes

2024-07-26 01:17:04

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