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Before starting the discussion, work through Economic package 2025Arturo Avila, Representative Morena Parliamentary Group V Chamber of Deputiesdismissed recent comments about cuts made Rating agency Moody’s regarding Mexico’s credit rating.
During a press conference held on November 19, 2024, Avila noted that although Moody’s lowered its outlook for Mexico, most international rating agencies maintain a positive assessment of the country.
“The opposition said that Moody’s downgraded Mexico, but they didn’t say that there are seven other rating agencies that are more important and that they all continue to rate Mexico. Rating BAA2which is a pretty good rating,” Avila said, referring to Mexico’s rating, which he said remains stable for the most part.
He said this skill level is “two steps above investment level for our country, which seems relevant to me,” he emphasized, looking at the economic situation in the country in perspective.
Avila also clarified that Moody’s decision was a future review and not an adjustment to the current rating, which remains the same.
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“The note issued by Moody’s was for the future, not the present. The same rating was maintained for the current vision and was assigned before the presentation of the economic package,” he emphasized, clarifying that the rating perspective may change depending on the future. economic policy and does not reflect an immediate crisis.
Budget cuts
The Morenoist legislator also referred to opposition claims that a possible budget cuts designed for key sectors such as healthcare, environment and security.
Avila rejected the claims and called them baseless. “They say that the health care budget has been reduced. Nothing could be more false. Redistribution in progress for IMSS Bienestar, for ISSSTEFor IMSSEssential,” he said. In addition, he stressed that the budget for social welfare programs has increased, especially in the program of doctors who will visit the homes of beneficiaries, which is one of the main initiatives of the government in the field of health.
Regarding security budgetAvila also defended resource allocation, noting that despite criticism, spending in this area has increased significantly.
Source: Aristegui Noticias
Roy Brown is a renowned economist and author at The Nation View. He has a deep understanding of the global economy and its intricacies. He writes about a wide range of economic topics, including monetary policy, fiscal policy, international trade, and labor markets.
