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Support for state-owned companies, drag on Mexico, says US Department of the Treasury

The United States Department of the Treasury, warned that the costly support that the Mexican government is giving to the state companies deficit, prevents freeing up resources for essential spending.

In the semiannual report on macroeconomic and exchange rate policies of its main trading partners that it delivered to Congress today, the agency pondered that investment in renewable energy is being marginalized.

This does not allow reducing costs for energy users or freeing fiscal space for more productive investments and social protection, said the department in charge of Janet Yellen.

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He warned that the insufficient investment of the private sector threatens to hamper recovery and reduce long-term growth potential.

In the report, the name of any productive company of the Mexican State is not indicated or mentioned as Pemex o la Federal electricity commission (CFE).

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But it is highlighted that the important support that the “deficit state companies” are receiving to increase their dominance in the national energy market is depleting public resources.

In this Report, the Treasury reviewed and evaluated the policies of the 20 main commercial partners of the United States during 2020, that is, in the year of the pandemic, which includes Mexico.

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