The Mexican government does not see Banxico’s international reserves as a source of financing, and respects the autonomy of the institution, the entity’s deputy governor, Jonathan Heath, said this Monday.
The economist recalled in a message on the social network
According to a note published this Monday by the newspaper Reforma, the growing need for resources by the federal administration, which proposed to lower the fiscal deficit from 5.9% this year to 2.5% in 2025 without cutting social spending and Without a fiscal reform, added to the fact that Morena and allies have a qualified majority that can make constitutional reforms, they have increased the fear of economists that the government will be tempted to use Banxico’s international reserves.
With information from Reuters
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