In a context where the Ministry of Finance and Public Credit (SHCP) reported on the generation of income for this first quarter this year, the president of the Council of Chambers and Business Associations of the State of Mexico (concaem), Gilberto Sauza Martínez, explained that there is uncertainty regarding the arrival of federal participations for the federal entities and municipalities, highlighting in particular the concern for the Mexican entity.
“The economic sector is concerned because the State of Mexico is one of the three entities in which there is a higher level of federal participation and when the income goal is not reached at the federal level, the first thing that is done is to cut the delivery of participations and that impacts the economic sector and the municipalities”, he explained this Thursday.
The businessman pointed out that it is necessary for both the Federation and the state government to report on the strategy to be followed in the following months in the face of this possible reduction in resources, such as the acquisition of credit to meet the budgetary goals set at the beginning. of the year, or the reduction of spending.
At the same time, he said that an analysis must be carried out from the local Congress to see what actions can be implemented in the face of the reduction of federal resources, this in the context that public spending is an element that reactivates the economy and the Mexican entity He continues to seek to finalize his recovery after Covid-19.
“It is also necessary to know why there is an under-exercise of public resources applied and that reaches up to 190,000 million pesos, close to 4 percentage points more than the previous year,” added the president of Concaem.
According to information from the SHCP, explained Gilberto Sauza, budget revenues were 117.486 million pesos below the program established for this year, mainly linked to collection revenues and oil revenues.
“The tax that reported the greatest drop was the tax on imports, which meant resources of 22,434 million pesos in the first three months of the year, which marked a decrease of 7.7%, explained the business leader.
