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News Article

Third Government Report: What You Should Know

By Sofía Hanna | Mon, 09/06/2021 - 09:05

President Andrés Manuel López Obrador said that he will propose a reform of the country’s electricity sector to the Mexican Congress of the Union this month during the Third Government Report, which took place on September 1. President López Obrador also addressed pensions for older adults, scholarships for poor students, tax exemptions for large economic or financial corporations and the potential privatization of public assets. He also commented that he plans to continue his term in full until 2024. 

 

During his report, the president emphasized that the energy reform promoted in the administration of former President Enrique Peña Nieto damaged the Federal Electricity Commission (CFE), which led to high consumer prices. President López Obrador’s proposal aims to produce fuels in the country to satisfy only the domestic demand and guarantee that future generations can also benefit from the nation’s hydrocarbon wealth. López Obrador’s administration has invested MX$33.5 billion (US$1.6 million) in the refineries of Petróleos Mexicanos (Pemex) in just under three years. “We stopped the privatization trend in its tracks. They stopped giving concessions in mines, water, hospitals, ports, railways, prisons and other public works. We have stopped privatizations in the energy, oil and electricity sectors. The transformation is underway and although it is necessary to continue exposing the great neoliberal farce and we aspire to change the mentality of the people, we are also banishing vices and dishonest practices in the management of the government,” mentions the president. 

 

The president also claimed that, given his social and economic achievements, he would have the support of the majority of the population during 2022. “We are doing well and I am sure that people will vote at the end of March next year for my term to continue until the end of September 2024.” He added that he feels very satisfied with the achievements so far.

 

The Third Government Report received mixed reception from Mexico’s population. Political consultant Luis Estrada, claims that the president reached his Third Government Report with more than 61,000 false or misleading statements during his daily morning conferences.

The data used in this article was sourced from:  
Gobierno de México
Photo by:   GOBMEX
Sofía Hanna Sofía Hanna Junior Journalist and Industry Analyst