Monday, September 12, 2016
Mexico's 2017 Budget: 'Macroeconomic Stability' and 'Fiscal Responsibility'
Office of the Mexican Presidency
Mexican President Enrique Peña Nieto (EPN) declared that the 2017 Budget Package
submitted to Congress [on September 8] is based on the following premises:
“Preserving our macroeconomic stability and acting
with fiscal responsibility.
“It also states that there will be no increase in existing taxes and, above
all, that the quality of government spending will be improved”: EPN
• A total of 118,000 new jobs were recorded in Mexico
in August, the month when the largest number of jobs in history were created, he declared.
• In the three years and nine months of this administration,
2,170,000 formal jobs have been created, 4.3 times more than during the previous administration.
• The Foreign
Direct Investment recorded during this Administration stands at US$120 billion, 50 percent more than during the same period
in the previous administration.
• The unemployment rate for June published by INEGI was 3.8 percent, the lowest since 2008.
• These conditions
allow global companies to choose to invest in Mexico, because they see prospects for growth and development in Mexico.
"Today we have more
investment in our country than we have ever had before, which is creating more jobs. It is important to highlight this because
many Mexican families and many Mexicans are now finding employment and opportunities for professional and personal development”:
of the Republic, Sep. 8, 2016, Mexico, DF; translation by Presidency of the Republic