Of public sector spending, 21.4% goes to pensions and retirement, while investment spending was equivalent to 17.2%.
“As happened in recent years, pensions and retirement benefits stood out, increasing 5.6% in real terms, in relation to 2019, due to the greater resources exerted by the IMSS in this area, as well as by the Pension for Old Age program in charge of the Institute of Security and Social Services for State Workers”, informed the ASF.
key to the economy
The budget for public investment was concentrated on economic infrastructure projects for hydrocarbons and infrastructure maintenance (Pemex); government national security infrastructure projects (National Defense); economic infrastructure projects for electricity and infrastructure maintenance (CFE), and road reconstruction and conservation (Communications and Transport).
“Given the budgetary restriction, in the period 2015-2019 the Federal Government made downward adjustments in public investment, with the exception of 2018 when it grew 1.8% in real terms, with the consequent negative effects on the growth of the economy, the environment for productivity and coverage and quality in the provision of infrastructure and public services”, the document referred.
For the above, the real increase in physical investment in 2020 must be sustained for the following yearswarned the body.
According to the Timely Public Finance Statistics of the SHCP, in 2020, 57.7% of public investment resources were channeled to economic development functions, 34.9% to social development functions, and the remaining 7.4% to government functions. .
With information from Dainzú Patiño.
