EconomyLAST MINUTE: The Income Law and the Law of...

LAST MINUTE: The Income Law and the Law of Rights 2023 pass to the plenary session of the Senate

The Economic Package 2023 advanced this Monday night when the opinions of the Laws of Rights and Income of the Federation (LIF) were discussed, voted on and approved in the Treasury and Legislative Studies commissions of the Senate of the Republic.

Now it is expected that the opinions will be voted in the plenary session of the Chamber of Senators tomorrow, Tuesday, October 24.

The deadline for your vote is October 31.

The opinions of both laws passed to what is expected to be the only and last round in Congress, since the version that came from the Chamber of Deputies was approved without changes.

In the LIF for the following year, the Treasury estimates public revenues of 8.3 billion pesos (bp), with an estimated growth of 3% for GDP, and where the creation of new taxes is not contemplated, nor increases to those in force.

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: 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.

Public savings run out

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