Productive State companies the most benefited 15%

Total spending by the public sector, in the third quarter of the year, totaled around 4.7 trillion pesos, a growth of 5.6% compared to the same period last year, revealed the Ministry of Finance and Public Credit (SHCP).

This is the largest increase observed in the net spending of the budgetary public sector, for a similar period, since 2014, when it increased 8.3 percent.

According to the Public Finance and Public Debt Report corresponding to the third quarter, 23,998 million pesos were exercised more than what was programmed for the period. The greatest resources with respect to what was budgeted were observed in programmable spending, destined to provide public goods and services to the population through government agencies. In this area, an expense of 3.4 trillion pesos was exerted, 8.5% more than a year ago and 102.243 million pesos more than programmed.

“The strength of tax revenues and savings in non-programmable spending allowed an increase in spending for the social protection of the population and the economic development of the country. At the end of September, spending on social protection and health was 933,700 million and 456,000 million pesos, respectively, the highest figures since 2007 ”, highlighted the agency.

In the breakdown, it was observed that the productive companies of the state –CFE and Pemex– presented the highest increase in their spending, with an annual rate of 17.9%, while in the administrative branches the increase was 14.3 percent.

Tourism and Energy spend more
Within the administrative branches, it was observed that the two secretariats that increased their spending the most in the third quarter of the year, at an annual rate, were those of Tourism and Energy.

In the case of the Ministry of Tourism, it spent 24,841 million pesos, 272.9% more than last year, although 1,925 million pesos below what was programmed.

This increase was due to higher spending on mass transportation infrastructure, while lower spending than scheduled was due to fewer resources being allocated to mass passenger transportation projects and to promoting and promoting investment in the sector.

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