The Chamber of Deputies approved in general and particular, with 344 votes in favor and 114 against, the Federation Income Law for 2025, which projects income of 9.3 billion pesos (about 451,456 million dollars), an equivalent historical amount 15% of the Gross Domestic Product (GDP).
The approved opinion is part of the first economic package sent to Congress during the Administration of Claudia Sheinbaum, who assumed the Presidency on October 1, and which also authorizes a net internal debt of up to 1.58 trillion pesos and a net external debt of up to 15.5 billion dollars.
The document endorsed by the official majority, estimates tax revenues of 5.3 billion pesos, as well as income derived from financing of 1.24 billion pesos.
Likewise, it provides for social security fees and contributions of 603,077.9 million pesos; improvements contributions for 38.8 million pesos.
It also estimates income derived from rights of 137,500.5 million pesos; of products for 13,707.1 million and uses for 223,166.3 million.
When substantiating the draft opinion, deputy Alfonso Ramírez Cuéllar highlighted that this economic package “complies with healthy finances and fiscal responsibility”, projecting a decrease in the deficit to 3.9% in 2025 and 2.5% in 2027.
He emphasized that this will be an unprecedented amount and amounts, as it reached almost 15% of the Mexican GDP, as tax revenue for the expenses that will be made throughout the next year.
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PAN deputies assure that economic growth will not be achieved with the Income Law
The ruling also includes strategic financing for Petróleos Mexicanos (Pemex) and the Federal Electricity Commission (CFE), which approves that the oil company can borrow internally for up to 143,403.7 million pesos and externally for up to 5,512.7 million dollars.
Meanwhile, for the CFE, the deputies endorsed an internal debt ceiling of 10,027 million dollars and an external debt ceiling of 991 million dollars.
During the discussion of the Income Law for 2025, the different political forces represented in the Chamber of Deputies expressed divergent positions.
Federal representative Diana Estefanía Gutiérrez Valtierra, from the National Action Party (PAN), took a position against the ruling, criticizing that the ruling “indebts Mexicans without a true social sense that gives Mexico what it needs.”
In addition, he warned that the country will not achieve the projected economic growth, in an environment in which financial entities, international organizations and raters have reduced their outlook for Mexico, where rating agencies such as Moody’s and HR Ratings reduced their outlook to negative.
From the same bench, César Israel Damián Retes, described the measure as “a blank check” for the Executive, while stating that “mortgaging the present is not building the future.”
For their part, legislators from the ruling National Regeneration Movement (Morena) defended the measure as an advance in tax justice and fiscal efficiency, such as representative Carol Antonio Altamirano, who assured that the proposal strengthens the public treasury through more equitable collection and measures to combat tax evasion.
“There are realistic increases in income and they are based on rationalization,” he argued.
Morenoist Mayra Dolores Palomar González also highlighted that in this ruling “not a single tax will be created or increased” and that the Law will promote the well-being of Mexicans.
With information from EFE
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