Mexico’s public finances: primary surplus
During 2023, Mexico‘s public finances remained healthy, with an expected primary surplus of 0.1% of GDP and total public sector needs (the broadest measure of the deficit) of 3.9% of GDP. The budget of the Ministry of Finance and Public Credit (SHCP) for 2024 considers an increase in current spending and social programs, which will […]
Pension for Older Adults: how much is its budget for 2023?
Mexico‘s federal government proposed a budget of 335,499.4 million pesos for the Pension for Older Adults to be exercised in 2023. According to its own words, the Mexican government’s strategy is aimed at achieving social justice and the comprehensive welfare of older adults at retirement age. Furthermore, he argued in the Draft Expenditure Budget 2023, […]
Coface projects dark clouds in world economy
French credit insurer Coface projected «dark clouds» in the world economy in 2023 and has downgraded the country risk assessment of 16 countries on the European continent. This downgrade includes the major economies -with the exception of Italy, which was already rated at A4, the highest risk level in Western Europe. According to its barometer […]
Argentine public debt: amount and adjustments
As of September 30, 2021, Argentina‘s gross public debt totaled $342.6 billion, an increase of 2.1% compared to December 31, 2020. The linked debt indexed to the CER and that denominated in national currency represented 26.1% of the total gross public debt, while that denominated in foreign currency represented 73.9 percent. During the nine-month period […]
People vaccinated in Mexico: 81 million
As of January 9, 2022, 81 million people had been vaccinated in Mexico with at least one of the two required doses of the Covid-19 vaccines that were authorized for use in the country. Also until that date, the Federal Commission for the Protection against Sanitary Risks (Cofepris) had authorized the emergency use of eight […]
The peso (19.91 vs. dollar), Chinese PMI and government spending
The peso starts the session with few changes compared to Friday’s close, showing an appreciation of 0.04% and trading between a minimum of 19.9131 and a maximum of 19.9569 pesos per dollar. In the foreign exchange market, the dollar weighted index shows a decline of 0.05%, while most of the currencies in the wide basket […]
The peso appreciates against the dollar at 19.87 units
The peso closed the session with an appreciation of 0.28% or 5.6 cents, trading around 19.87 pesos per dollar. The appreciation was the result of a general market correction, as the dollar weighted index lost 0.44%, almost completely erasing the increase in Wednesday’s session. In the wide basket of main crosses, the Mexican peso ranked […]