Ramírez de la O warrants fiscal prudence and sound finances for Pacific Alliance

Rogelio Ramírez de la O, Secretary of Finance and Public Credit (SHCP) attended the meeting of the Council of Finance Ministers of the Pacific Alliance this Tuesday, where he assured that Mexico aims for fiscal prudence and public finance. to maintain healthy.

In a statement, the agency explained that Ramírez de la O’s speech highlighted that these two goals would be achieved by promoting austerity in the pursuit of public spending and combating tax evasion.

At the meeting, held in Bogotá, Colombia, the official emphasized the importance of achieving growth with justice, which is “sustainable, inclusive and aimed at reducing social gaps”, in addition to the challenges posed by climate change, to face.

He assured that in the current situation, economic shocks in the supply chain on the supply side have been monitored as a priority, and the Mexican economy has been made more flexible “which makes it more dynamic.”

He added that the fundamental goal was to generate economic growth, improve the living conditions of Mexicans and increase well-being, to reduce inequalities.

For this reason, he said that social development programs in the fields of health, education, food security and rural development are the key to achieving the goal, as they seek to reverse the situation of social inequality “from a right- perspective that gives priority to indigenous peoples and the poorest ”.

Ramírez de la O has indicated that the southern part of Mexico has historically lagged behind, so to reconfigure it, investments are being made in infrastructure projects – such as the Maya train – that will improve physical, digital and energy supply connectivity, in addition to boosting trade and capital lok.

The foregoing said that it would explode consumption and increase the productive capacity of goods and services.

As for the recovery of the economy, the Secretary of the Treasury pointed out that it is still anchored in the evolution of the pandemic, remembering that it has affected the different regions and population groups unequally.

“The main risks in the region are the presence of new variants of the Covid, the limited fiscal spaces and the high inflation rates resulting from imbalances between supply and demand, caused by bottlenecks in the productive chains and by the rise in prices. of raw material, mainly oil, ”reads the statement.

[email protected]


Leave a Comment