By the end of this year it is expected to close at 4.3% of GDP; as the quarters of this year go by, this reduction has been seen based on adjustments to spending and the dynamism of tax collection. At the end of September, the fiscal deficit or Financial Requirements of the Public Sector decreased 31.8% in real terms, compared to the same period last year.
The lower execution of resources comes from adjustments to programmable spending for 233,000 million pesos, this serves to provide public services and goods, in addition to the payment of social programs.
The institutions and concepts with the greatest differences between the programmed and the reported budget stand out, the ISSSTE, Communications and Transportation Infrastructure, Contributions for Federal Entities and Municipalities, Pemex, National Defense, Agrarian, Territorial and Urban Development with cuts or adjustments of between 36,558 million pesos and 15,524 million, the Treasury detailed.
Agustín Rodríguez Bello, from the Budget Design, Control and Expenditure Monitoring unit, explained that it is due to various investment projects that are in the process of being concluded, so it is expected that the programmed spending goal will be achieved by the end of the year.
“It is considered that we are going to achieve the programmed goal in the last quarter of the year, because there are various projects and actions, mainly investment projects, that are in the process of being concluded and are already fully committed, the part of their conclusion will be in the last quarter of the year. Yes, we are going to achieve the programmed expenditure at the end of the fiscal year, and for this reason we will not have a delay in the projects that are being executed in all the different aspects of the administrative branches,” commented the Treasury official.
