It would decrease deficit to 4% with remnant of Banxico

Monterrey.- The public deficit of the federal government could be reduced this year to 4.0% of the Gross Domestic Product, thanks to the remainder of the operation that the Bank of Mexico (Banxico) would deliver and that would amount to 109.4 billion pesos, estimated experts from Banamex. Next Wednesday, April 30, the deadline for Banxico to hand over to the Ministry of Finance and Public Credit (SHCP) this remnant corresponding to fiscal year 2…

José Luis Parra In the middle of the election year, the federal government receives an unexpected lifeline: 175 billion pesos, courtesy of the remnants of the Bank of Mexico. No, it is not a financial miracle or a high-level management. It is simply the consequence of the devaluation of the peso against the dollar during 2023. That is, to lose value to earn money. Welcome to magical Mexico. The Ministry of Finance, under the command of Édgar Ama…