The Treasury has a projection for federal government spending next year and is, in particular, looking at some aspects to guarantee the reduction of spending.
The new government of the President Claudia Sheinbaum will focus on reducing spending with savings in key areas derived from the elimination of subsidiaries of state companies, duplication of functions and economies of scalerelying on the Digital Agenda, especially in public security tasks.
This was announced by Rogelio Ramírez de la O, when appearing to be ratified again as head of the Ministry of Finance and Public Credit (SHCP). before deputies of the Finance Commission.
He also said that The new government is aware of the importance of tax reformbut, if it is proposed, it is up to Sheinbaum to announce it.
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“We are not focusing on a single area, the budget still has these spaces, call them pockets, where there are great opportunities,” he said when outlining the areas in which adjustments will be made to public spending.
“In all expenses there is duplication of functions, and we are going to eliminate that”he anticipated.
He mentioned that economies of scale, which are not considered, will be included in the new project.
To this end, he assured that Digitization will allow the databases of one entity to be linked to another and improve connectivity and communication between them..
“It is an economy of scale facilitated by digitalization, which has a very large place on the new government’s agenda; there is the potential to achieve savings where the opportunity is,” he said.
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Of the subsidiaries that will disappear, he stated that it is a significant number, but did not detail them..
However, he highlighted that each one has its own council, secretary and procedures, and they make decisions without considering the potential for collaboration with the rest.
Meanwhile, he highlighted that With the Digital Agenda there will be a great opportunity to improve security functions.
“The security functions will also save a lot of spending on things that are, to begin with, very primary,” he said.
With the use of intelligence, several expense functions that are exceeded by reality can be avoided.he emphasized.
Ramírez de la O made the legislators see that, in their composition, the budget has a high percentage of committed spending; what remains is relatively little compared to the total.
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However, he acknowledged that The purpose is to expand the availability of resources in order to release this excessive rigidity and give the government better room for maneuver..
He established that, although there is total awareness in the government of the need for a fiscal reform, in the face of the reality of resources, this is the responsibility of the new president to announce.
“That question has to be answered by the President of the Republic, because I have to give her the priority of announcing it when she considers it appropriate,” he explained. For this reason, he limited himself to expressing that he can assure that “there is awareness” in this regard.
Before, during his speech, The official committed to maintaining healthy public finances and promoting an environment conducive to investment.
He assured that the 2025 budget will be a faithful reflection of the priorities of the new administration and, at the same time, an effort to consolidate the Mexican development model.
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“In this second phase we reiterate the commitment of the Ministry of Finance to maintain healthy public finances; this is a precondition to safeguard macroeconomic stability and maintain an environment conducive to investment and employment,” he said at the meeting.
He also announced that superfluous expenses will not return and that public resources will be used for the benefit of the population by working under principles of austerity.
Ramírez de la O was ratified with 24 votes in favor, nine against and zero abstentions by the Finance Commissionlike Edgar Amador as undersecretary; Antonio Martínez Dagnino to continue leading the Tax Administration Service (SAT) and other officials.
It is expected that this Wednesday they will protest the position before the Plenary Session of the Chamber of Deputiesonce the opinion with the appointments is approved.
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