Ramírez de la O and Martínez Dagnino held these same positions in the government led by Andrés Manuel López Obrador, and the recent ratification is for them to continue exercising their functions in the new federal administration led by Claudia Sheinbaum. Amador Zamora takes command of the Undersecretariat of Finance, for the first time, after Gabriel Yorio left this position to join the team of the Inter-American Development Bank (IDB).
Great amendment
Last June, the then virtual president of Mexico, Claudia Sheinbaum confirmed that Ramírez de la O would continue as head of the Ministry of Finance and Public Credit (SHCP) at the beginning of her administration.
His first major amendment in the new government is to deliver the proposal for the 2025 Economic Package that contains the Income Law Initiative of the Federation (ILIF); the Federation Expenditure Budget Project (PPEF); proposal of the Law of Rights, and when required, the Fiscal Miscellany.
“The package that we will present to you in a couple of days will mark the beginning of a new government. The public budget will be a faithful reflection of the priorities of the new administration and at the same time an effort to consolidate and deepen the development model,” said Ramírez de la O in his appearance before the Finance and Public Credit Commission, prior to being ratified in the plenary session of Congress.
Ramírez de la O was named head of the Treasury in June 2021 by Andrés Manuel López Obrador, following the departure of Arturo Herrera. The 2025 Economic Package will be the fourth that it will deliver to the Legislative Branch.
He has a degree in Economics from the National Autonomous University of Mexico (UNAM) and obtained his doctorate in Economics from the University of Cambridge, England. He was general director of economic analysis at Ecanal, a private economic analysis company for the Mexican and foreign private sector.
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