The proposed investment spending represents 3.8% of GDP and 14.3% of total spending. It is less than the 4% of GDP recommended by the Economic Commission for Latin America and the Caribbean (ECLAC) for the achievement of the sustainable development objectives, highlights the CIEP.
“In order to have a greater impact on the economy, human development and the closing of gender gaps, the increase in public investment must be accompanied by a strengthening of public revenues and provide fiscal sustainability to the resources allocated to public works. ”, details the document Implications of the Economic Package 2023, of the CIEP.
so goes 2022
According to the Ministry of Finance and Public Credit (SHCP), for this year 863.175 million pesos were approved for physical investment. Until the end of August, 531,626 million pesos had been exercised, which corresponds to 62% of everything programmed.
“Although it is true that there was investment, we believe that the destination could be greatly improved, it is highly concentrated in projects that do not have a return as expected, and above all that can motivate investment from the private sector,” said Hernández.
Jessica Roldán, vice president of the IMEF Indicator Technical Advisory Committee, considered that there is a positive factor for investment due to the recomposition of supply chains that came with the pandemic, but this must be reinforced with security and clear rules.
“We have to think of public investment as a trigger and a virtuous circle, also for private investment, as long as the bad environment for investment, and insecurity in terms of contracts, are not resolved in a more forceful way, we will not be able to see the effect or virtuous circle”, said Roldán.
