False policies austerity Mexican government

Abstract

In Mexico, as in many other Ibero-American countries, austerity policies on public spending have theoretically been adopted largely because of recommendations and commitments to the International Monetary Fund.
The Mexican government handles figures showing reductions in the budget deficit, trade balance surpluses and a downward trend in inflation.
For us, the so-called austerity policies adopted by the Mexican government are superficial and the corrections achieved are transitional and have as their main objective to formally comply with the commitments made with the International Monetary Fund and not to achieve lasting corrections.
The semi austerity policies implemented by the Mexican government are equivalent to taking half a medicine that fails to cure the disease, although it causes stomach aches.
The Mexican government, although the pace of its investments and spending in some sectors slowed, continues with the same or greater bureaucratic apparatus since 1983 than previous governments.
To understand why the inoperative and transient of the current corrections of the Mexican government and the future of the Mexican economy, we will briefly discuss the history of the Mexican crisis:
With the government of Graduate Echeverría in the early 1970s, a new problem is beginning to manifest itself in Mexico: inflation.
This problem is driven by neo-Keynesian government policies that seek to incentivize economic growth through increased public spending based on money issues.