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World

Outgoing Gov't to leave Mexico with weak public finances: report

2018-08-13 09:23:11

MEXICO CITY, Aug. 12 (Xinhua) -- The outgoing Mexican government will leave Mexico's public finances in a weaker position than the past three governments did, a report released by the Center for Economic Studies of the Private Sector (CEESP) said on Sunday.

The report said that "it is fundamental to insist on the strengthening of the sources of recurrent resources and for a review of spending."

In its weekly report, CEESP said a stronger state of law is needed to "inhibit the corruption and impunity that have left our country among the worst placed in the diversion of public funds."

According to the Finance Ministry's most recent figures, investment in the public sector has fallen 10.3 percent in the first half of 2018.

The administration of President Enrique Pena Nieto will conclude November 30 this year with the government of the president-elect, Andres Manuel Lopez Obrador, taking office December 1.

The new government is aiming to put an end to the deep-rooted corruption, high levels of violence, and inequality that blights Mexico.

The future president has proposed to review millions of the public contracts handed out by the Pena Nieto administration and to reverse some of the structural reforms.

Editor:Jiang Yiwei