Sunday, December 05, 2021

NEWS

Mexico shows less debt than in three previous governments

Mexico shows less debt than in three previous governments

Mexico, Aug 16 (Prensa Latina) The Andrés Manuel López Obrador administration has taken on much less debt than previous governments of Vicente Fox, Felipe Calderón and Enrique Peña Nieto, official data revealed today.
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According to Mexico´s Secretariat of Finance and Public Credit (SHCP), the domestic debt has went up nearly to $1,9 trillion since December 2018.

As a result, the most recent data showed that the public debt stood at over $12 trillion (more than $603 billion), equivalent to 47.9% of the Gross Domestic Product (GDP).

Thus, after 30 months of the current administration, national debt grew 7.15%, a figure lower than in the period of the three previous six-year terms.

Under the Vicente Fox administration, it was reported an over $2 trillion national debt in December 2000, and 30 months later the figure doubled.

Regarding the Felipe Calderón administration, the historical balance of the public sector jumped to 19.22%, and under Enrique Peña Nieto the figure reached $403 billion (25.28%).

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