EconomyLAST MINUTE: The 2023 Income and Rights laws go...

LAST MINUTE: The 2023 Income and Rights laws go to the plenary session of the Chamber of Deputies without major changes

The opinions for the Federal Income Law and for the Law of Rights 2023 were voted in favor this Tuesday afternoon in the Treasury and Public Credit Commission of the Chamber of Deputies, and it is expected to be this Wednesday, October 19 be discussed and voted on in plenary.

With 24 votes in favor, 16 against and zero abstentions, the opinion for the Income Law 2023 was approved in Commission, in which an arrival of 8.3 billion pesos is foreseen for the following year to the public coffers, of which the 56% will be for tax collection.

Meanwhile, due to the arrival of income from the sale of goods and provision of services by Pemex and CFE, it is expected that another 1.2 billion pesos will arrive, of which 826,492 million pesos (mdp) will be generated by the oil firm. Also due to transfers from the Mexican Oil Fund, 487,742 million pesos are expected for 2023.

Another 1.2 trillion pesos will arrive from the contracting of debt, of which it is expected that 100% will be due to internal indebtedness of the federal government.

On this occasion, the Economic Package 2023 does not have the document usually known as Fiscal Miscellaneous, and which contains changes for the collection of taxes.

According to opposition representatives, the PT, PRI and PAN blocs will present reservations tomorrow so that the ruling is discussed in plenary.

Meanwhile, with 23 votes in favor; 18 against and zero abstentions, the opinion to issue the Rights Law was approved in the Commission. Both opinions must be voted on in the plenary session of the Chamber of Deputies, to subsequently pass to commissions in the Chamber of Senators and the plenary session, the deadline for approval is the last day of October.

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.