The Undersecretary of Finance and Public Credit (SHCP), Gabriel Yorio González, appeared before the United Committees on Finance and Public Credit and Second Legislative Studies, presenting before them the progress in terms of the Union’s income, as well as the prospects for 2024.
The public official cited increased global confidence in the Mexican economy, starting with growth in trade with the United States, a country with which the trade deficit stands at $75 billion. At the same time, he pointed out that foreign direct investment reached $29 billion.
Accordingly, he stressed that the Mexican financial system remains strong with real growth of 3 percent for this year, which he described as an important development that keeps our economy in sustainable dynamics. Regarding labor affairs, he highlighted that the unemployment rate decreased by 2.8%, while salaries increased in real terms.
Recognizing the work of SHCP, Senator María Merced González González (Morena) mentioned the importance of infrastructure work to the national economy. He stressed that the development of projects such as the Maya Train, the Dos Bocas Refinery, or the Interoceanic Train does not harm public resources, as they will be completed and paid for next year.
Senator Victor Fuentes Solís (PAN) stressed that the use of religion should be directed toward productive work. He stressed that the debt required for next year is a record number, given that such a level of debt has never been requested. In his speech, Senator Noe Castañón Ramírez (MC) spoke about the increase in the fiscal deficit, the largest in 36 years, rising from 3.3% to 4.9% of GDP.
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