Summary of Claudia Sheinbaum's 2025 Economic Package
The government of Claudia Sheinbaum has outlined its economic plan for its first year in office. Finance Secretary Rogelio Ramírez de la O presented the first economic package from the president to the Chamber of Deputies. The administration is betting on revenue from large taxpayers to support high spending on debt, pensions, and other commitments related to social programs. Here are the 10 key points of the 2025 Economic Package.
What does the SHCP Economic Package encompass? An analysis of 10 key points of the 2025 Economic Package. The Economic Package includes a series of documents through which the Ministry of Finance and Public Credit lays out the guidelines that will govern spending and revenue collection. The ministry also makes economic projections that allow it to estimate how much can be collected in a growing economy. This package includes the General Criteria for Economic Policy, the initiative for the Federal Revenue Law (LIF), and the Federal Expenditure Budget project (PEF). 1. The Ministry of Finance estimates that the Mexican economy will grow between 2 and 3% in 2025, with an inflation rate of 3.5%. 2. The government projects a budget of 9.2 trillion pesos, making a cut of 179 billion pesos in spending to achieve a deficit of 3.9%. It is anticipated that this deficit will be 3.2% in 2026 and 2.9% in 2027. 3. Estimated revenues are 8 trillion pesos, with 5.2 trillion coming from tax collection, 1.2 trillion from corporations, 1.1 trillion from oil, and 0.3 trillion from non-tax revenue. 4. The dependency that will see the largest increase in resources will be the Ministry of Agrarian, Territorial, and Urban Development (Sedatu), with a budget of 38.048 billion pesos, an increase of 183% compared to the previous year. 5. Priority projects will have an expenditure of 189 billion pesos in 2025; the Maya Train will receive the largest adjustment, with 40 billion. 6. 57% of spending on social programs will go towards the Senior Citizens' Pension, amounting to 483.427.6 million pesos. 7. Among the new social programs introduced by Claudia Sheinbaum is the Support for Women Aged 60 to 64, which has a budget of 15 billion pesos. 8. External debt will account for 15.2% of the total, while internal debt will be 84.8%. 9. Spending on pensions, both contributory and non-contributory, will be 2.15 trillion pesos. 10. The debt ceiling will be set at 1.5 trillion pesos.
This Economic Package not only reflects the government’s focus on maintaining economic stability but also faces the challenge of growing debt and the need to promote growth. It is crucial for the administration to implement policies that not only ensure the expected revenue collection but also promote long-term sustainable development. Prudent management of public finances will be key to avoiding future economic problems and ensuring the well-being of citizens.
