The Undersecretary of Finance, Edgar Amador Zamora, highlighted the economic stability of Mexico and its ability to face challenges during the 33rd Plenary Meeting of Advisory Councils of Banamex. He affirmed that the country has managed to diversify its engines of growth, shifting from relying on the external sector to having a more balanced model focused on consumption and investment.
Amador emphasized that Mexico has a robust internal market that enables it to face global challenges with stability and certainty. He pointed out that macroeconomic stability is fundamental for any growth strategy, mentioning that in 2024 public debt was maintained at a stable and adjusted level, even below projections.
The undersecretary mentioned that new sources of income are being optimized, such as taxes on the importation of electronic platforms, and there are solid fiscal and financial buffers to face adverse challenges. Mexico has international reserves, access to international credit lines, and a solid banking system, which provides stability against potential crises.
Regarding future projections, Amador anticipated that 2025 would close with good results, maintaining a controlled fiscal deficit and a focus on the efficiency of public spending. He acknowledged the existence of downside risks but ruled out a recession, assuring that a moderation in growth is expected but with a positive long-term outlook.
The undersecretary highlighted the importance of maintaining dynamism in tax collection and the digitization of fiscal processes. Despite the existing uncertainty, Amador stated that the Mexican economy would not be significantly affected and that the country's financial authorities have worked to maintain stability in financial markets, showing confidence in the performance of the Bank of Mexico.
