The 2023 expenditure budget is very optimistic; predicts growth above estimates, according to Citibanamex
The 2023 Expenditure Budget presented by the Secretariat of Finance and Public Credit He is very optimistic, because he hopes that the collection and sale of oil will be too positive, as he assured Raul Alvarez del Castillodirector of economic studies at Citibanamex.
assured that the government foresees that he increase in the economy be 1.2 and 3%, which is well above the outlook for next year.
This forecast, he commented, is based on the trend of move from market from other countries to the United States, but ruled out that such high numbers could be found in the region.
He pointed out that interest rates are not taken into account, as well as weaker growth in points such as Europe and North America.
Of the amount of 8.3 billion pesos that is presented, he said that the administration of Andres Manuel Lopez Obrador contradicts the austerity republican he has said since the start of his six-year term.
He said that this amount is concerning because it does not give rise to a frame of freedom so that some emergent expenditure can be executed, it is therefore expected that the following governments will be the ones that will have to compensate the expenses which are considered.
He explained that the forecast of closing the year with a inflation the seven for hundred and avoiding an increase of more than three percent is more realistic than others, so they may be half full.
The impact on consumer prices could continue to be reduced through strategies such as reduction gradual prices at fuelshe pointed out, adding that the cost indicator for buyers reaches four percent.
He assured that another of the measures he calls the Warning is the bass indebtedness which provides for the management federalwhich may be less than 50%.
Source: El Heraldo De Mexico
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