Mexico to a 81% increase in Military budget

Mexico’s President Andres Manuel Lopez Obrador proposes an 81% increase to the Mexican Armed Forces’s budget

Mexico Daily Post • September 13, 2023

Mexico’s armed forces are set to see an 81% increase under the Finance Ministry’s proposed budget for 2024.

The largest increase will go to the Defense Ministry, with an allocation of 259.4 billion pesos ($15 billion) more than doubling the 111.9 billion pesos that was approved for 2023 for the department. Next up is the Navy, with a 72% increase to its budget that takes it to 71.8 billion pesos ($4.2 billion), according to a draft submitted Friday and that is pending congressional approval.

Mexico’s armed forces set for a 81% budget increase for 2024

The budget proposal is the latest indication of President Andres Manuel Lopez Obrador’s increasing reliance on armed forces to carry out large infrastructure works and also tasks that used to be run by civilians. The Defense Ministry’s proposed budget includes work on the Maya Train and operating Lopez Obrador’s new state-owned airline, Mexicana. It also includes operating the Felipe Angeles airport near Mexico City.

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The Navy, now in charge of administering the country’s ports and customs, also operates Mexico City’s Benito Juarez airport. The National Guard, which is officially not part of the military but has been run by the Defense Ministry under this president, is set to receive 70.7 billion pesos ($4.1 billion), a 4.3% increase from the previous year. A large part of its budget has made its way to the Defense Ministry in past years.

~ by Joel on September 18, 2023.

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