“The first thing that would have fallen is household consumption, sales volume falls, VAT falls and the Bank of Mexico (Banxico) would have to raise the interest rate further and public debt would have increased,” said Ramírez de la EITHER.
The secretary also highlighted that with this government plan, the average salary of Mexicans amounts to 8,943 pesos and without this plan, the salary would be 12% lower, that is, 7,900 pesos.
The person in charge of the country’s public finances highlighted that thanks to PACIC, the resources of the federal government are being put to better use.
New measures
Ramírez de la O said that given the “good results” of PACIC, the government decided to strengthen it in terms of fertilizers and grains.
“We are seeing where you need to report the commitments, which are not to increase the costs of energy in the terms in which they are established, accelerate the opening to basic imports, limit the export of white corn to have a strategic reserve in this product, secure an agreement with the United States to have more milk and fertilizers and regulate interconnection rates,” said Ramírez de la O.
Another of the new measures will be the importation of 40,000 tons of powdered milk from the United States.
20,000 tons will be imported in the second half of 2022 and another 20,000 in the first months of 2023, this after the agreements with the United States.
