The government of Mexico's president, Claudia Sheinbaum, presented its first annual budget on Friday, November 15. A 2.5% growth of the Gross Domestic Product (GDP) is expected in 2025, above projections from international organizations. Rogelio Ramírez de la O, head of the Ministry of Finance and Public Credit (SHCP), detailed that economic growth is projected between 2% and 3% for 2025.
Speaking before the Chamber of Deputies, Ramírez de la O delivered the budget proposal, which includes a range of 2% to 3% economic growth for 2025. In contrast, the International Monetary Fund and the World Bank have reduced their growth expectations to 1.3% and 1.5% respectively. The project must be approved by the deputies before December 13.
Within the 2025 Expenditure Budget Project (PPEF), the federal government requested more than 40 billion pesos for the Maya Train project, managed by the National Defense. The budget also includes provisions for the construction and strengthening of the necessary infrastructure to carry out the project.
The Maya Train is a railway project promoted by the government of Andrés Manuel López Obrador, aimed at boosting tourism in the states of Quintana Roo, Yucatán, Tabasco, Chiapas, and Campeche. Additionally, the development of a freight train along the same route is contemplated to promote the transport of goods in the southeast of the country. The project is expected to be completed by 2026 and is anticipated to primarily transport fuels in the southeast region of Mexico.
