President Claudia Sheinbaum addressed the possibility of implementing a tax reform during her morning conference on Friday, November 15th. She explained that instead, actions will continue to be implemented to improve tax collection, and even minor adjustments to the miscellaneous in 2024 are expected, with a strengthening of revenue collection in 2025, focused on customs and the fight against tax evasion.
In her words: "If additional reforms are necessary, they will be worked on, but there are many revenue collection opportunities without the need for a deep tax reform." Sheinbaum highlighted the importance of tax collection, indicating that this has allowed for avoiding tax increases and the creation of new levies.
It is expected that the main source of resources will continue to be tax collection, which will be strengthened through projects such as the digitization of the Tax Administration Service (SAT) and customs, in collaboration with the Agency for Digital Transformation and Telecommunications led by José Antonio ‘Pepe’ Peña Merino. These initiatives aim to broaden the tax base to improve enforcement.
For his part, Rogelio Ramírez de la O, head of the Ministry of Finance and Public Credit (SCHP), presented the Federation Expenditure Budget for 2025 to the Chamber of Deputies. This document projects economic growth between 2 and 3 percent, driven by the strength of employment and the dynamism of the internal market, with consumption and investment as key drivers.
Ramírez de la O emphasized that the design of the plan focuses on economic growth with social justice and an active state in collective welfare. Regarding tax revenues, a real increase of 2.6 percent is projected, reaching a historic 14.6 percent of the Gross Domestic Product (GDP) in 2025, with projected revenue collection of 5.3 trillion pesos.
