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Mexico Evalua presents digital tool to monitor public spending

The political analysis organization Mexico Evalúa said today that greater fiscal discussion raises the understanding of the budget, by enabling a digital surveillance tool Exercise of public expenditure in the country.

Mexico, July 11 (EFE) .- The political analysis organization Mexico Evalua said today that greater fiscal discussion raises the understanding of the budget, by enabling a tool

"We want the issue to be discussed more and more stakeholders participate, including citizens' organizations," he said. Efe Mariana Campos, coordinator of Mexico's Public Expenditure and Accountability Program Evaluates.

This digital tool will allow monthly, quarterly and annual monitoring Of the spending of resources of Mexicans, said the organization, which is dedicated to evaluating and monitoring the government's operation to raise the quality of its results.

We are doing is promoting the fiscal discussion, "said the expert when considering that monitoring public spending will provide citizens with data to" understand what happens with the Budget. "

Campos considered important the existence of a citizen control of the budget, especially if one starts from the hypothesis that the Mexican Congress does not fulfill" a very Active as a fiscal counterweight ".

The" La Caja Negra "site, Campos explained, will present the budget indicators, which will be prepared by Mexico Evaluates based on information Through a "time series" that will make it easier to compare the fiscal years of different governments.

"This will allow comparing this administration with some Above ", in addition to the fact that the site will include budget analysis notes and public policy recommendations, he added.

This monitoring will begin at a time when The outlook for 2018 is complicated, given that it will be difficult for the Bank of Mexico (Banxico) to have the remaining operations it has had in the last two years and for the Holding presidential elections next year.

As of May 2017, with the latest information from the Ministry of Finance, there is a fiscal improvement, a surplus of 10 billion Of pesos (555.5 million dollars), "which is not very high, but there is the effort," said Campos.

He compared this positive figure to the deficit in May 2016 of order 200,000 million pesos (11,111 million dollars), although Banxico also had surpluses this year.

In March Banxico delivered a surplus of 321,653 million pesos (17,896 million dollars) to the federal government, of which it has already used 120,000 million (6,666 million dollars) to repurchase debt instruments and Reduce local and foreign debt.

"It is important to maintain this fiscal position, maintain discipline in the coming months and in the medium term so that this has an effect and that is seen Complicated, it is uphill, "said the expert.

Campos commented that the Banco de México is not expected to have a surplus, in addition to presidential election years It tends to boost public spending and it becomes more difficult to maintain fiscal discipline.

"We must make an effort to maintain public finances and, without a doubt, it is going to be that Budgetary discipline should strive not to damage and quality of public spending as far as possible, "he said.

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