SHCP Publishes Electrical Rates for 2015

by Murry Page

5 Jan 15 

mazmessenger.com

 

The Secretariat of Finance and Public Credit (SHCP) announced the electrical rate for residential usage for 2015 last week. The SGCP announcement said that due to the energy reforms the electrical rates for residential usage will drop 2 percent for this year.

 

The multiple rates in México include Rate 1A, 1B, 1C, 1D, 1E and 1F. The municipality of Mazatlán falls within the 1D category, which are locations with minimum average summer temperature of 31 degrees Celsius.

 

The 2015 residential rates for areas for Mazatlán will be: $ 0.711 for each of the first 175 kilowatt-hours, $ 0.839 for each of the next 225 kilowatt-hours and $1.071for each of the next 200 kilowatt-hours.

 

(from Azteca Noticias)

SHCP Publishes Electrical Rates for 2015

by Murry Page

5 Jan 15 

mazmessenger.com

 

The Secretariat of Finance and Public Credit (SHCP) announced the electrical rate for residential usage for 2015 last week. The SGCP announcement said that due to the energy reforms the electrical rates for residential usage will drop 2 percent for this year.

 

The multiple rates in México include Rate 1A, 1B, 1C, 1D, 1E and 1F. The municipality of Mazatlán falls within the 1D category, which are locations with minimum average summer temperature of 31 degrees Celsius.

 

The 2015 residential rates for areas for Mazatlán will be: $ 0.711 for each of the first 175 kilowatt-hours, $ 0.839 for each of the next 225 kilowatt-hours and $1.071for each of the next 200 kilowatt-hours.

 

(from Azteca Noticias)

SHCP forecasts faster growth pace

thenews.com.mx

Monday, 20 October 2014 01:10

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

SHCP forecasts faster growth pace

Agency expects more dynamism by the end of 2014

THE NEWS

Recent indexes show that Mexico’s economic growth is accelerating and the trend is expected to consolidate in the following months, said the Treasury and Public Finance Secretariat (SHCP).

In its weekly report, the SHCP said that the expected industrial reactivation in the United States and the most recent data about Mexico’s economic activity suggest there will be more dynamism by the end of the year. Mexico anticipates greater growth for the second half of 2014 and 2015.

The growth is supported by the country’s two main pillars: solid macroeconomic foundations and the implementation of structural reforms.

The report also said that the federal government is committed to continue managing Mexico’s economic policies responsibly and will launch reforms to bring about positive results for all Mexicans in the short term.

The structural reforms agenda promoted by the federal government and approved by the legislative power has set the foundations for Mexico’s sustainable growth. Even though the reforms’ full benefits will be more tangible in the mid- and long terms, their immediate benefit has been improved growth expectations that offer a better outlook in view of the world’s low growth expectation, geopolitical conflicts and economic uncertainty.

The most recent indexes of foreign trade, production, employment and consumption show that the Mexican economy is recovering thanks to greater demand that has boosted internal economic activity.

Mexico’s trade activities with the rest of the world have grown consistently throughout the year. Also, industrial production has been steadily rising since May and the construction sector is on a significant recovery.

Automobile production has maintained record levels and internal car sales are increasing.

“These results confirm the forecast that the national economic activity is steadily recovering,” said SHCP.

Regarding the exchange market, Mexico is one of the countries with less volatility because the peso has great liquidity, which allows Mexico to prevent short-term crashes in the financial market from affecting its economy.

SHCP: Reforms will boost growth

Wednesday, 18 June 2014 01:10

Videgaray says gov’t seeks to raise Mexicans’ life standard

BY MELODY LÓPEZ

The News

MEXICO CITY – Finance Secretary Luis Videgaray said Tuesday that with fiscal reform Mexico will see 4.8 percent GDP growth between now and 2018, and as much as 5.4 percent growth in 2019.

In an interview published in Oxford Business Group as part of its 2014 Mexico Report, Videgaray said that the principle aim of the current reforms put forward by the Peña Nieto administration is to raise the standard of living for Mexicans by means of economic growth and increased production.

Foreign investors will be attracted by a fundamentally strong economy, said Videgaray, and thus contribute to increased growth.

He said that this can already be seen in the financial sector where 16.1 percent of GDP is in foreign accounts and the national deficit reached 1.8 percent of GDP in 2013.

Videgray said that the fiscal reform puts into place a progressive tax system that is designed to maintain competitiveness in the economy. But, given how important it is to maintain tax certainty, the administration will propose no new taxes for the remainder of President Enrique Peña Nieto’s term.

The total tax rate on corporate income tax will be 37 percent, said the secretary, below average according to the Organization for Economic Cooperation and Development (OECD), including taxes on dividends and reserve capital gains.

He also said that these measures will strengthen internal economics with respect to the national debt, currently 40.5 percent of GDP.

“The goal is to increase growth by reducing business costs so that we can attract foreign investments,” said the secretary.

He said that Mexico is the only member of the OECD without unemployment insurance and that the federal government has proposed a pension guarantee for all Mexicans above the age of 65 who need support after retirement.