Sheinbaum talks about public finances with Fitch Ratings executives

At the meeting was the Secretary of the Treasury, Rogelio Ramírez de la O, who earlier participated in the morning conference to present details of the 2025 Economic Package.

“(The package) seeks balance between income and spending, in such a way that the budget deficit is reduced from 5.9% of the Gross Domestic Product to 3.9% of the Gross Domestic Product, and continues with a message that the fiscal situation is consolidated “said the secretary at the conference.

Sheinbaum’s meeting with Fitch Ratings comes after last November 14, the Moody’s agency changed the outlook on Mexico’s rating to “negative” due to a weakening in policy formulation that can undermine fiscal and economic results.

Currently Fitch Ratings is the rating agency that has Mexico’s sovereign rating at BBB-, that is, on the threshold of default.

The Treasury forecasts that the Mexican economy will have growth of between 2 and 3% in 2025, an estimate that analysts have called optimistic but that the Secretary of the Treasury maintained this morning that it is possible and said that the government cannot make changes to its outlook. growth with the frequency that private analysts do.

The deficit is expected to be 3.9% of GDP in expanded formand the budget deficit be from 3.2% of GDP. Likewise, it is estimated that there is a level of public debt of 51.4% of GDP.