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September 2, 2024
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Growth despite difficult environment, and lower debt, some of the successes

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▲ The 25 thousand chairs were occupied very early, so many remained standing under the strong rays of the sun.Photo by German Canseco

Alma E. Muñoz, Ivan Saldana, Emir Olivares and Cesar Arellano

The newspaper La Jornada
Monday, September 2, 2024, p. 5

We are going to end the six-year term with an average growth of one percent, something truly exceptional in the face of an extremely difficult economic environment in the country and in the world.said President Andrés Manuel López Obrador in his sixth and final Government Report.

In a broad exposition on what has been done in economic matters, he highlighted the rescue of the Federal Electricity Commission and Petróleos Mexicanos, emphasizing that national and foreign private initiatives, such as Iberdrola, were gaining ground in strategic sectors for the country.

Enough of complexes, because we are not going to have complexes nor will we allow ourselves to continue to be made complexes. Mexico is a cultural power in the world.

He mentioned that the growth of public debt has been lower, 4.9 percent, than during the six-year terms of Felipe Calderón and Peña Nieto Calderón, with increases of 7.4 and 8 points of gross domestic product, respectively.

He stated that in 2023 alone, bankers earned record profits of 272 billion pesos, 73 percent more than in 2018.

Meanwhile, inflation is 5.16 percent annually, but we maintain, he said, the basic basket program of 24 foods, which decreased from 1,339 pesos to 800 pesos. A round of applause for the retail chains, which have helped to avoid the shortagehe asked in the capital’s Zócalo.

And another round of applause, he said, for the countrymen who send resources, which will reach 65 billion dollars this year.

He stressed that thanks to the fight against corruption, the country saved 2 billion pesos. The fight against corruption alone huachicol has generated Savings of 342 billion pesos, which is what it cost the nation to build the Dos Bocas refinery.

He stressed that he did not allow tax forgiveness for large taxpayers, whose accumulated amount, only in the two previous six-year terms, was 413 billion pesos, “which explains why our budget was not enough for so much.

Now almost everyone contributes. That’s why I thank those who are fulfilling their responsibility.he stressed. He also estimated that this year the collection will be 4.9 billion pesos.

He stated that it has been corruption in the Executive Branch has been cut shortwhile the annual budget went from 5.3 trillion in 2018 to 9.1 trillion in 2024.

In this account, he said that the mining concessions delivery rush to national and foreign companies. No permits have been granted for open-pit mining, and no authorization has been given for planting or importing genetically modified corn for human consumption.

Regarding the electricity sector, he reported that 10 combined cycle power plants, two internal combustion power plants, 16 hydroelectric plants are being modernized, and 13 plants have been purchased from Iberdrola.

He also mentioned that the government has had the support of the workers for the rescue of Pemex and pointed out that there are One million 795 thousand barrels per day.

Oil reserves have not decreased and today are equivalent to 7.5 billion barrels. We have oil for several more decades in our countryHe said that production costs have been reduced and corruption has been eliminated from the company.

When we came to power, the company’s debt was 105 billion dollars, now it is 99 billion dollars, that is, it was reduced by 6 billion dollars.he recalled.

López Obrador said that Mexico has reached record levels of foreign investment: last year, 36 billion dollars, and in the first six months of 2024, 31 billion dollars.

Among other data, he commented that there are 2 million 310 thousand more formal jobs than in 2018, going from 20 million 79 thousand workers registered in Social Security to 22 million 389 thousand 835.

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