EconomyLAST MINUTE: Deputies fail to approve the Income Law...

LAST MINUTE: Deputies fail to approve the Income Law 2023 in a timely manner

After more than 12 hours of debate, the Chamber of Deputies failed this Thursday night in its attempt to approve the legislation as established by the legislation, so it decided to continue with the discussions at dawn on Friday, October 21.

The Income Law was only approved in general with 266 votes in favor and 212 votes against this Thursday, however the nearly 400 reservations imposed by the opposition parties made it difficult for it to also be approved in particular.

The lower house had until October 20 to approve the LIF.

This delay generates pressure on the Chamber of Senators, whose members must analyze, discuss and vote on the Income Law before next October 31, first in commissions and then in plenary.

Thus, a session open within the legal limit is still valid, even if the limit is exceeded in the "normal" calendar.

Earlier, with 270 votes in favor; 217 votes against and one abstention, the deputies approved the proposal for the Federal Rights Law 2023 sent by the federal government, through the Ministry of Finance and Public Credit (SHCP).

The Federal Law of Rights is a fiscal order that establishes the collection of rights for the provision of public services or for the use, enjoyment or exploitation of the nation's public domain assets, which requires constant adjustments in relation to changes and requisitions of the dependencies that provide the services.

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.

China's economy grows 3.9% in the third quarter of 2022

The second largest economy in the world grew 3.9% between last July and September, a figure higher than the 0.4% increase in the previous three months.