The budgeting process in Mexico

Abstract

This analysis proposes that political and social development, as well as the economic conditions and policies since 1997, have affected the formulation and approval of the Federal Expenditures budget in Mexico differently than they did in the past. This change has been triggered, technically, by the absence of an absolute majority of the Institutional Revolutionary Party (PRI) in the Chamber of Deputies, the body that approves the annual expenditures plan presented by the Executive Branch through the Secretariat of the Treasury and Public Credit (SHCP).