On  Nov. 15, 2024, the Mexican government released its budget proposal for Fiscal Year 2025, which runs from Jan. 1 through Dec. 31. The government pledged to narrow its fiscal deficit from around 6% in 2024 to around 3% in 2025, and according to the budget proposal, there will be no additional taxes, and the economy will grow between 2% and 3% next year. Within the same proposal, the government dramatically increases social spending, but cuts the budget for government goods and services, such as education, health care, and infrastructure, among other things. Is that realistic?

Here to discuss where the government plans to make cuts, whether it is realistic to expect 3% growth, what it means for investment, and more is Mariana Campos, head of the think tank “México Evalúa,” which focuses on government performance and accountability. For 10 years, she served as coordinator of México Evalúa’s Public Expenditure and Accountability Program. She also joined our Center for the U.S. and Mexico as a visiting scholar in 2022.

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