Congress rushes to reshuffle 40 billion pesos of FY 2025 budget
The clock is ticking on Mexico’s 2025 budget as Mexico’s Chamber of Deputies scrambles to rework the spending portion of the 9.3 trillion-peso (US $461.08 billion) budget submitted by President Claudia Sheinbaum before a final vote is expected on Thursday. By Tuesday afternoon, deputies with Morena — the ruling party in the Chamber — had reportedly hammered out a proposal to reassign 40 billion pesos (US $1.98 billion) of the budget, with the National Electoral Institute and the judiciary suffering the biggest reductions. Ricardo Monreal, head of the Morena party’s caucus in the Chamber of Deputies, center, originally told reporters Monday that the Chamber would debate 30 billion pesos (US $1.5 billion) in reallocations of Claudia Sheinbaum’s 2025 budget. By Tuesday, that amount had grown to over 40 billion (US $1.98 billion) The Budget Committee was poised to debate the resolution later Tuesday. Floor debate would then be scheduled for Wednesday, with a final vote set for ...
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