Challenges and proposals of the 2025 economic package: How will Mexico tackle its financial challenges?

The 2025 economic package presented by the head of the Ministry of Finance and Public Credit (SHCP), Rogelio Ramírez de la O, has drawn the attention of various sectors due to the challenges facing the country in terms of income generation and optimization of public spending. Among the main concerns are the projections of lower oil revenues for the next year, as well as the need to implement tax reforms to increase tax collection. According to estimates from the Ministry of Finance, the price of the Mexican oil blend for the year 2025 will be $58.4 per barrel, which represents a significant reduction compared to the expected average price for this year. This decrease will directly impact the country's oil revenues, posing an additional challenge for public finances. In this context, experts point out the urgency of carrying out a tax reform that allows for an increase in tax collection, especially among individuals with higher incomes. Organizations such as the Organization for Economic Cooperation and Development (OECD) and the alliance for tax justice have proposed measures such as increasing Income Tax (ISR) rates and reducing tax benefits to achieve greater equity in the tax system. On the other hand, there is also a need to review and optimize public spending, especially in a context of financial pressures and mandatory commitments. While the austerity policy proposed by the virtual president-elect, Claudia Sheinbaum, is important, experts warn that it is essential to make the Federal Expenditure Budget more efficient to ensure proper use of public resources. One key point in the discussion of the 2025 economic package is the fiscal deficit, which is expected to gradually reduce in the coming years. However, the implementation of effective measures to control the deficit and keep it at sustainable levels will be crucial to ensure the country's financial stability. In this sense, the delivery of the economic package on November 15 will mark the beginning of a process of analysis and debate in the Congress. Legislators will have the responsibility to carefully evaluate the proposals presented and make decisions that contribute to strengthening the Mexican economy and ensuring efficient use of public resources. In conclusion, the 2025 economic package represents a significant challenge for the new federal government, which will have to tackle the task of generating income, optimizing spending, and reducing the fiscal deficit. The implementation of tax reforms and effective austerity measures will be key to overcoming the economic challenges facing the country and laying the groundwork for sustainable growth in the future.