Mexico’s 2025 Budget: The Country’s Most Aggressive Fiscal Tightening Since the 1990s

The Mexican Congress approved a leaner MXN$9.3 trillion ($460.2 billion) budget for 2025, marking President Claudia Sheinbaum’s first major economic decision. This budget reveals a significant shift in Mexico’s fiscal strategy, cutting investment while expanding social programs. The ruling party Morena pushed the budget through Congress in record time – just four hours for general […]