Mexico spends 26 billion dollars in public works in six months

Mexico, Aug 1 (Prensa Latina) Mexico invested 26 billion dollars in public works in the first half of the year, an increase of 8.9 percent compared to the same period in 2022, the Secretariat of Finance informed.

August 1, 2023
00:30

In a report on the matter, the Secretariat pointed out that for a similar period, this is the highest figure recorded in the past seven years, and was driven by the strategy implemented by the Government to develop infrastructure projects in specific regions to favor the relocation of companies (nearshoring).

The Secretariat pointed out that the increase responds to the strategic allocation of resources to develop infrastructure projects with an impact on regional growth and to facilitate trade, aspects that favor foreign investment derived from the phenomenon of business relocation.

The Secretariat of Finance calls physical investment all those expenditures for public works and acquisitions that are authorized by the Treasury every year.

According to the latest public finance report for the first half of the year, Mexico has a higher demand for infrastructure for the development of productive capacity and regional integration.

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