Fiscal Reform of 2013 in the face de facto de-petrolization of public finances in Mexico, in a context of Structural Reforms

Abstract

This paper analyzes the general background of structural reforms, the context of current government reforms, and mainly focuses on explaining the repercussions of the behavior of oil production and prices and fiscal reform on government public finances federal. The starting point is the evolution of federal income from the approval of the tax reform. The result confirms the hypothesis that the tax reform seeks to compensate for the fall in oil revenues, through the increase in tax revenues. A deductive analysis is made based on the content of the tax reform and statistical information. It is recommended to promote a fiscal reform that increases the fiscal pressure with the perspective of boosting economic growth and that not only has as a purpose to compensate the fall of the public revenues given determined economic conjuncture. For reasons of delimitation, public borrowing is not addressed.