US EditionMexico Finance Chief Downplays Fiscal Effects of Oil Turmoil
10 Articles
10 Articles
Cancun, QR., Mexico requires “a more ambitious conversation about the country’s financial development,” focused on how to mobilize productive financing, strengthen inclusion, and make technological innovation translate into real opportunities for all, urged the head of the Ministry of Finance and Public Credit (SHCP), Edgar Amador Zamora.
Mexico is using all the measures at its disposal to resist the rise in the price of energy in the face of the war in Iran. The Mexican government has in recent weeks taken advantage of fuel subsidies to prevent inflation from putting pressure on Mexicans. On Friday, the Ministry of Finance announced that the three types of gasoline sold in the country will receive fiscal incentives. Diesel, which has been receiving this aid for the past week, wi…
Cancun, Mexico, March 20 (EFE) – Mexico's Finance Minister, Edgar Amador, estimated on Friday a "neutral" impact on public finances despite tax subsidies to mitigate the rise in fuel prices amid the war in Iran, which has driven the price of oil to over $100 a barrel. Speaking at the 89th Banking Convention, the main event for the financial sector held in Cancun, Amador indicated that there will be lower revenue from the Special Tax on Productio…
Treasury affirmed in the 89 Banking Convention that there will be no increases Diana Rof The Ministry of Finance and Public Credit (SHCP) reactivated on Friday, March 20, fiscal incentives for fuels, with the aim of avoiding increases for motorists. Hacienda did not apply fiscal stimulus to Magna gasoline since April 2025, and Premium received no support since October 2023. The Mexican government reactivated these incentives for both gasolines a…
Mexico City, Mexico – Finance Secretary Edgar Amador assured the public that gasoline prices in Mexico will remain unchanged, despite the recent surge in international oil prices. During his participation in the Banking Convention, the official emphasized that the federal government has mechanisms in place to prevent these fluctuations from directly impacting consumers. “There is stability in fuel prices,” he stated, while sending a direct mes…
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