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November 9, 2021
1 min read

Mexico readjusts the national budget in favor of social spending

A press release indicates that, however, the planned cuts will be only 7,913 million pesos (416 million 500 thousand dollars) to the autonomous entities, to reallocate those resources to social welfare programs and to increase the spending of the Senate.

The National Polytechnic Institute, the fertilizer program, the Agency for International Development Cooperation benefit.

They also increase the allocations of the vaccination program of the Ministry of Health, the Youth Building the Future welfare plan, pensions for people with permanent disabilities, and the Sembrando Vida reforestation program.

In the draft opinion, the commission considered correct the 3.4 percent salary increase foreseen for the federal public administration and approves the salary of the President, as well as that of federal officials.

The main affected by the cuts is the National Electoral Institute, for which the draft opinion foresees a reduction of 4 thousand 913 million pesos (258 million dollars).

According to the project, to the deputies who are members of the Budget Committee – which this Tuesday must approve the document – the total spending of the autonomous branches would drop from 7,368 million dollars to 6,911 million.

A decrease of 3 billion pesos (158 million dollars) to the Judiciary is also expected.

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