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, […]
Assets of the Retirement Savings System grew 18.1% in 2020
The net assets of the Retirement Savings System totaled 4 trillion 709,808 million pesos at the end of 2020. The amount represented an annual growth rate of 18.1% nominal (14.5% in real terms). It also represented a GDP partition of 20.4 percent. From 2008 to 2020, accumulated capital gains of 2 billion 207,719 million pesos […]