Fiscal Rule Committee issues alert: Government spends more than it receives and requests a $30 trillion cut
The Autonomous Committee of the Fiscal Rule issued a strong warning about the state of public finances.
TL;DR
- The government is spending more than its income, widening the fiscal gap.
- In 2025, expenses are projected at 420 trillion pesos against revenues of 302 trillion pesos.
- This imbalance is unsustainable and will increase national debt.
- An adjustment of approximately 30 trillion pesos is needed this year to meet fiscal targets.
- There is a risk of economic overheating due to high spending, limited revenue, and growing debt.