Fiscal Reform in Mexico; goals Decentralization/privatizations Transparency handling funds $ Efficiency Accountability at all levels Budget deficits: reduction/elimination.

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Presentation transcript:

Fiscal Reform in Mexico; goals Decentralization/privatizations Transparency handling funds $ Efficiency Accountability at all levels Budget deficits: reduction/elimination Reductions in bureaucracy Fight corruption

Background 3 fatal administrations: Highest inflation levels ever (hidden tax) 2. H-est devaluations ever 3. H-est government deficits ever 4. H-est external debt ever 5. Largest amounts ever of M1 (printing$) 6. Lowest buying power of the peso

E.R. for a grave nation Intense care/prescriptions by IMF, WB 1. Stabilize macro-economy 2. Tight monetary controls 3. Reduction of government deficits 4. Decentralization/privatizations 5. Reduction of interest rates 6. Emergency loans

Fi.RE. Main points Democratic accountability and control Budget planning State autonomy/ Municipal Finances Social expenditure (education, health, social security, housing) Sub-national taxes and revenues Debt management

Accountability/supervision SECODAM NGOs Civil society Regular hearings to supervise the actions of the govt. offices and public officials handling budgets and public funds

Budget planning; State Autonomy Reduce/eliminate deficits End ‘electoral budget cycles’ Diversity in fiscal packages Municipalities: urban works, sanitation States: education, health Fed.govt.: the other sectors

Education Low user fees to cover school materials Elimination of ‘free’ textbooks; use this funds instead for literacy programs University fees: 100dll.yearly for full time student; 50dll. Part time. Grants and loans for those with no $, but must have above 66% GPA. Private schools: increase scholarships

Health Ambiguity about collecting additional resources for the health sys. Disparities within states of per capita allocation of funds Easier access to rural health facilities User fees for certain services according to personal income

Tax strategies Of total funds 10% for compensations 1/3 fed.gov. 1/3 state. 1/3 municip. Personal Income tax in 3 categories: 36% for earnings above 200k.yearly 24% for earnings above 100k.yearly 12% for earnings below 100k.yearly

Federal taxes IVA (VAT) 10% to all services and products Increase(double) taxes to cigarettes, alcohol, gambling and govt.lotto's; this revenues to go totally to Medicare Reduce gasoline’s taxes Increase spectacle’s taxes

conclusions 3 major ideological changes for Fiscal Reform to succeed: Citizens: to outgrow the concept of a ‘provider, paternalistic’ government Public officials: to be honest and accountable at all times Congress: leave aside narrow partisan political positions; compromise for best national solutions