The newly elected Mexican President Obrador is out on the wires stating that he will reduce current spending and raise public investment and also ruled out tax hikes in real terms.
Key quotes (Source: Reuters)
- Will maintain fiscal and financial discipline
- Will revise energy contracts, if finds anomalies will seek legal recourse
- There will be no confiscation or expropriation of property
- Eradicating corruption and impunity will be the primary mission of his government
- Will be no need to raise taxes in real terms or indebt the country
- Will reduce current spending and raise public investment
- Aims that anyone who migrates from Mexico will do so because they want to, not because they have to
- Will respect individual liberties, entrepreneurial freedom
- Will give preference to the most humble and forgotten
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