Politics · Mexico · 6 hrs ago

Mexico’s finance official says planned 2027 borrowing is manageable

Mexico’s finance official says planned 2027 borrowing is manageable

Mexico plans to borrow in 2027, and a senior finance official says the debt would be manageable.

María del Carmen Bonilla Rodríguez, undersecretary for spending at Mexico’s Finance Ministry, made the case in a closed-door meeting with senators from Morena and the Labor Party.

She said borrowing could fund infrastructure that attracts foreign investment and supports economic growth.

Senator Manuel Huerta Ladrón de Guevara said investment in infrastructure, logistics and energy could bring more business activity and tax revenue.

The government also aims to widen the tax base and combat tax evasion, which the senator said could improve revenue without more borrowing.

The economic package will be debated in Senate committees and the full chamber, where lawmakers are expected to discuss the country’s finances and the use of public funds.

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Manuel Huerta Ladrón de GuevaraSenator and president of the commission
The debt is justified when it is directed to infrastructure, logistics and energy, conditions needed to facilitate the arrival of foreign investment.
via El Universal