President Andrés Manuel López Obrador (AMLO) assured that the next federal president will not have “pressure” with the country’s finances, since his administration carried out a plan so that in 2025 half of the external debt is paid.
AMLO assured that the financial situation “is resolved” for the remainder of his six-year term
The most relevant of the morning conference of the President of Mexico this Wednesday
This Wednesday, December 28, during his traditional morning press conference, the head of the federal Executive declared that financially the administration of National Regeneration Movement (Brunette) “has everything figured out” of the remainder of the six-year term, which will end at the end of 2024, so “it is looking forward”.
“I’m not just thinking about how to finish, I’m sure we’re going to finish very well”
In this sense, President López Obrador announced that his government carried out a restructuring of the interests of the external debt of Mexico, so that his successor does not face “so much pressure” in the first two years of his administration.
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With this plan, detailed the federal president from the National Palace, the incoming government will pay half of the interest on the foreign debt “of what we pay” in 2018:
“I can tell you in advance that we have already done a debt restructuring so that the government that arrives pays half of the interest on the debt of what we paid when we entered the government. We have already restructured debt so that in 2025 they do not have pressure to pay debt “
Minutes before the announcement, AMLO reported that the debt acquired by the Savings Protection Bank Fund (fobaproa) it is still a trillion pesosnoting that if this debt was not recognized, the country would face financial pressures.
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“All that debt entered the financial market as bonds, which would create a greater conflict for us if we wanted not to recognize it as debt, it would affect us more as a country if we declared it unpayable,” he said in his morning conference.
It should be remembered that on December 26, President López Obrador stated that healthy finances in the country are a reflection of the zero corruption policy that it was undertaken from the federation; the income, he said, develop projects in favor of society.
“We have more food and energy production; there is less violence, there is political stability and I think there is more joy and hope; I hope the same for next year, we already have the budget authorized”
In a morning press conference, the federal president endorsed that the Government of Mexico promotes the countryside through the free delivery of fertilizers to small producers throughout the country, an initiative that helps, he assured, to control inflation and, at the same time, reduces costs in the food sector.
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