AMLO guts 2020 budget of Tourism Ministry

This in the midst of the fall in the sector after the impact of sargassum in the Mexican Caribbean and the environment of insecurity and violence in some beach areas.

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In 2018, Mexico went from sixth to seventh place in international tourist arrivals within the ranking of the World Tourism Organization (UNWTO), compared to 2017 data; while in foreign exchange income it went down from site 15 to 16, the agency adds.

In June of this year, the Senate of the Republic approved the disappearance of the Tourism Promotion Council of Mexico (CPTM), which was responsible for coordinating, designing and operating the strategies in the sector for the country.

The above to allocate resources to the construction of the Mayan Train, an infrastructure project promoted by the government of Andrés Manuel López Obrador to interconnect the main cities and tourist areas of the Yucatan Peninsula, to avoid the concentration of tourism in a single point.

For 2019, the government granted a budget of 27.3 million pesos for the CPTM, for public service and administrative support services.

The administrative branches of the public sector will have a lower budget for next year, which will imply a decrease of 2.6 percent in real terms.

Of the 26 dependencies of the Federal Executive, a reduction in spending is contemplated in 16, in one case there will be no changes and 9 will record increases.

The Ministry of Tourism will be the agency with the greatest drop in resources. According to the 2020 Expenditure Budget Project, the institution will issue 5 thousand 34.5 million pesos, an amount lower than the 9 thousand 99 million approved for this year, which will imply a reduction of 44.7 percent, in real terms.

They are followed by Agrarian, Territorial and Urban Development, with a decrease of 43.7 percent; Presidency, with 43.5 percent and the Ministry of Labor and Social Welfare, with 35.9 percent.

In contrast, the largest increase will be observed in the Ministry of Energy, with 72 percent. Its budget will rise from 28 thousand 202 million pesos, to 48 thousand 507 million.

Other significant increases will be in the Ministry of Public Administration (56.5 percent), the Legal Department of the Executive (25.1) and the Secretariat of Welfare (11).

The dependencies with more resources will be the SEP, with 324 thousand 713 million pesos, 28.7 percent of the total; the Ministry of Welfare (15.3 percent) and Health (11.4)

In direct control entities, the expenditure of the IMSS will rise 6.7 and that of the ISSSTE will be 4.4. As for the productive companies of the State, in Pemex the increase will be 8.8 and 1.4 percent in the case of the CFE.

Source: el financiero, forbes,

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