Mexico's Fiscal Reform: Reshaping the system
Mexico’s much-anticipated fiscal reform offers something for everyone, including a number of surprises
Announced on September 8, just a few hours after 50,000
protestors marched blocks away against the
government’s energy reform plans, the Mexican
president Enrique Peña Nieto labeled the package a
With the latest proposals, Peña Nieto aims to quell
opposition to his reform agenda while keeping the left-wing PRD
party on board for the Pact for Mexico, the agreement between
Mexico’s three main parties that paves the way for
a range of economic reforms.
In a nod to the left — and a historic first for
Mexico — the measures will create a social safety net:
universal social security for workers in the formal sector,
unemployment insurance and a pension of $80 per month
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