According to the official, this is a result of work between the federation and the entities, since on the federal government side there is more rigor for any advance of federal contributions.
The work has been hardened so that the participations “are on time, in shape, but also that we are not giving or allowing advances on participations that do not have a justification from our point of view. This leads the entities to also obtain their own income”, said the official at the closing of the 30th Plenary Meeting of Citibanamex.
complex landscape
The official said that Mexico, like all economies in the world, faces a complex scenario, “to say the least, although the room for maneuver is different.”
He explained that the fiscal space cannot be further expanded given the increase in debt and the fiscal cost, especially in emerging economies.
“Monetary policy does not have much room for action, inflation is high, pressured by the shortage of supplies in global value chains, also in other countries due to labor costs,” he said.
Given this, to boost the economy and maintain healthy public finances, in 2022 more than one trillion pesos will be invested in public works, equivalent to 3.1% of GDP, and the highest figure in the last six years.
“This investment is focused on projects that boost productivity in historically lagging regions, will change the structure of the economy, which we hope will increase potential GDP growth in all these regions and at the national level,” he said.
For the execution of these resources, the participation of the private sector is essential, pointed out the head of the SHCP.
