CDMX.- In 2023, the resources available to develop new works, public programs or face emergencies will be less than this year, warned the Center for Economic and Budgetary Research (CIEP).

For the coming year there is a fiscal space -difference between income and unavoidable expenses- of 627 thousand 437 million pesos, which is equivalent to 2 percent of the Gross Domestic Product (GDP)according to the Center.

However, of the total of these resources, 410 thousand 938 million pesos are already committed to priority programs and projects of the federal government, such as the mayan train.

For this reason, the available resources will be reduced next year to 216 thousand 498 million pesos, a figure that is 34.6 percent less than the 306 thousand 15 million pesos available in 2022.

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“This implies that fewer and fewer resources remain and generally the part that suffers the most is infrastructure, as long as it is not part of priority works; we will have a lack (of resources for) road maintenance, among others.

“In addition, if an emergency occurs, which we hope does not happen, we would have just 0.7 percent of GDP to face it, considering that there are no adjustments in spending, resources would be limited to respond to an emergency”said sunny villaDirector of Operations and Institutional Strengthening of the CIEP.

The number of available resources is lower because unavoidable expenses -among them the payment of pensions- will grow 11.2 percent compared to what they represented this year, a greater proportion than that of budgetary income, which will increase 10 percent compared to the amount approved for 2022.

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“Pension spending is a transfer for people aged 60 or 65 and a right that is in the Constitution and it will be very difficult for us to reduce it further with a population that is aging proportionally more and more; So, these resources will continue to be claimed and as long as we do not have a higher collection, we will have to sacrifice some rights for others “he commented.

The available resources are limited considering that there are no other adjustments within the budgethe added, since the Secretary of Finance has the power to reallocate resources throughout the fiscal year.

The specialist added that under this scenario it is recommended that the Government analyze and reconsider some unavoidable expenses and discuss whether the amounts of the pensions should be adjusted downward.

With information from Reform

Source: Vanguardia

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J. A. Allen

Author, blogger, freelance writer. Hater of spiders. Drinker of wine. Mother of hellions.

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