2023-10-29 13:16:04
He Plenary session of the Senate of the Republic approved, in general, with 70 votes in favor and 43 votes once morest, the opinion by which the Federal Income Law for the Fiscal Year of 2024. This law does not contemplate new taxes, nor increases to those in force, in order to benefit Mexicans.
The LIF 2024 contemplates total revenues of 9 trillion pesos, a debt equivalent to 48.8% of GDP (46.5% in 2023) and a historical fiscal deficit—the largest since 1988—equivalent to 5.4% of GDP (3.9% in 2023).
The macroeconomic framework for 2024 considers a growth of 3% of GDP and an exchange rate of 17.60 MXN at the end of the year.
The reduction to 0.50% in the withholding rate for savers from the proposed 1.48% stands out, as well as the lower tax burden for PEMEX, whose initial proposal from the SHCP was a rate of 35% for the Shared Profit Right (DUC). ) and was authorized at 30%, lower than the 40% that was approved for the fiscal years of 2022 and 2023.
The document estimates that the income that the Federation will receive next year will be a total of nine billion 066 thousand 045.8 million pesos; of which four billion 942 thousand 030.3 million pesos correspond to Taxes; 535 thousand 254.7 million pesos to Social Security Fees and Contributions; 36.5 million pesos to Improvement Contributions; 59 thousand 091.4 million pesos to Rights.
As well as, eight thousand 641.6 million pesos to Products; 193 thousand 877.0 million pesos to Uses; one billion 312 thousand 289.4 million pesos to Income from Sales of Goods, Provision of Services and Other Income; 277 thousand 774.3 million pesos to Transfers, Allocations, Subsidies and Subsidies, and Pensions and Retirements; and one billion 737 thousand 050.6 million pesos correspond to Income Derived from Financing.
Likewise, the ruling provides for a participable federal collection for a total of four billion 564 thousand 924 million pesos.
It was considered pertinent to authorize the Federal Executive, through the Ministry of Finance and Public Credit, to contract and exercise credits, loans and other forms of the exercise of public credit, including through the issuance of securities, under the terms of the Federal Debt Law. Public, for an amount of net internal debt of up to one trillion 990 billion pesos.
During the fiscal year of 2024, the provision that empowers the Federal Executive to grant the necessary tax benefits is preserved, in order to give due compliance to the resolutions that derive from the application of international mechanisms for the resolution of legal disputes that determine a violation to an international treaty.
A state dividend is not established by Petróleos Mexicanos and the Federal Electricity Commission, as well as their Subsidiary Productive Companies, since it is not expected that, during the fiscal year 2023, these companies will generate profits.
It was agreed to authorize Petróleos Mexicanos and its Subsidiary Productive Companies an amount of net internal debt of up to 138 thousand 119.1 million pesos and an amount of net external debt of up to three thousand 726.5 million dollars.
Likewise, Mexico City was authorized to contract and exercise credits, loans and other forms of public credit for a net debt amount of two thousand 500 million pesos for the financing of works contemplated in the City’s Expenditure Budget. of Mexico for Fiscal Year 2024.
It is proposed that the amount of income from long-term productive infrastructure projects of direct and conditional financed investment of the Federal Electricity Commission is for a total of 267 thousand 863.1 million pesos, of which 119 thousand 349.9 million pesos correspond to direct investment and 148 thousand 513.2 million pesos to conditional investment.
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