Update On The Extinction Of Public Trusts In Mexico

On Thursday, October 8, at dawn, during the Congressional session in Mexico, with the votes tallied from the political parties Morena, Partido del Trabajo, Partido Verde and Encuentro Social, the bill to extinguish 109 trusts in the Federal Expenditure Budget 2021 (PEF 2021) was approved by a majority. This was done in order to transfer to transfer the direct management of 168,400 million pesos to the Ministry of Finance and Public Credit (SHCP).

Some of the trusts that are disappearing are: the Fund for International Cooperation in Science and Technology, the Technological Innovation Fund of the Ministry of Economy, the Conacyt-Secretary of Energy Sector Fund, the Natural Disasters Fund, the Rural Finance Fund, the Trust Fund for Investment and Stimulus to Cinema, the Sector Fund for Innovation, and the Fund for High Performance Sports.