EconomyIt's official: "Mexico is not prepared for new pandemics"...

It's official: "Mexico is not prepared for new pandemics" for these reasons.

Mexico’s public finances are not ready to face a new pandemic , determined an analysis by the Center for Economic and Budgetary Research (CIEP).

“We say that Mexico is not prepared for these new pandemics in terms of the resources it has available to deal with them, we already had an experience with covid-19 plus all the shortcomings that already existed, plus the Insabi transition, now a new transition. to IMSS welfare that it is not the same floor that was being marked with Insabi, with Insabi you were talking about a much broader package of services, that of IMSS welfare “, Judith Senyacen Méndez, coordinator of health and public finances of the CIEP, commented on Tuesday.

The resource gap remains. The World Health Organization (WHO) has suggested that each country should allocate 6% of its Gross Domestic Product (GDP) to its public health system (WHO; PAHO, 2018). However, between 2010 and 2022, Mexico has only allocated between 2.5% and 2.9%, this is less than half of the international suggestion, refers to the analysis of Health Expenditure and Sustainable Development Goals.

“The expenditure per person in health is falling, there is a complicated situation in macroeconomic terms, the inflation issue is affecting households, that is why we believe that Mexico is not prepared in terms of resources, what is more, there was the Fund of Salud para el Bienestar (FONSABI) to eventually address some pandemics, it was used with the issue of influenza; of covid-19, although we do not know what, and the remainder will be used, then we will not have this Fund if we need to have a response, ”said the CIEP specialist.

According to the CIEP, the population that has a lack of access to health services went from 16.2% in 2018 to 28.2% in 2020. In addition, 15.1% of the population with affiliation must pay for health services and 7.2% of the population takes more than two hours to reach a hospital.

Alejandra Macías, executive director of the CIEP stressed that public health spending policy must consider the country’s demographic transition.

“This situation puts us at risk because finally more older adults are going to require more health services, but it is not foreseen in the budgets; Neither do the epidemiological changes, before we got sick more from infectious issues, now we have longer illnesses, more expensive treatments, we must better finance health spending to be prepared for a pandemic, because pandemics arrive and we shift attention to these diseases, and this is risky for everyone,” commented Macías.

Mexico will have 1.29 billion pesos of income via debt in 2023

According to Gabriel Yorio, Undersecretary of Finance, the amount is in line with the goal of maintaining debt as a percentage of GDP in a constant and stable manner.

LAST MINUTE: Income and Rights laws for 2023 are approved in Congress

Without changes to the opinions sent by the Chamber of Deputies, the senators voted in favor of the Federation Income Law and the Federal Law of Rights, budget is missing.

LAST MINUTE: The Income Law and the Law of Rights 2023 pass to the...

The Treasury and Legislative Studies commissions voted in favor of the opinions of both laws to be discussed and voted on in the upper house on Tuesday.

LAST MINUTE: Treasury rules out a 20% depreciation of the peso against the dollar...

Undersecretary Gabriel Yorio considers that the consultant's estimate is "exaggerated" and that these levels would not be reached in one or two years.

Public savings run out

The Treasury has increasing difficulties in obtaining resources and the lifeline of public finances is beginning to run out.

More