A 100 thousand million peso purse is outlined for Guerrero; They will vote today in general

Morenoist legislators prepare reserves to guarantee, in the Expenditure Budget of the Federation (PEF) for 2024, resources for the reconstruction of Acapulco and other localities affected by the passage of Otis.

These proposals are added to those of opposition deputies who will also seek an allocation to guarantee Guerrero's standing.

consulted by Excelsiorseven deputies who are members of the Budget Commission indicated that there are conditions for the PEF—which will be discussed today, in general, in the plenary session of the Chamber of Deputies— Up to 100 billion pesos are allocated to address the damage caused by the meteor.

According to the proposals, these resources would come from oil and tax surpluses, as well as debt.

The adjustments will be presented in plenary session starting tomorrow, during the particular discussion of the PEF 2024, which will take place the rest of the week.

THEY PLAN TO REALLOCATE 100 MMDP TO GUERRERO

While the opposition accuses the majority and its allies of not having allocated resources for the reconstruction of Acapulco in the 2024 budget that the plenary session of deputies will generally vote today, in the Morena bench they are already preparing reserves to rectify that omission.

Representatives of different groups consider that in order to put Guerrero on its feet, there are conditions to label up to 100 billion pesos from oil and tax surpluses, as well as debt.

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Seven deputies who are members of the Budget Committee consulted by Excelsior They pointed out that it is still possible to guarantee the recovery of Acapulco and the people who were affected by Otis.

The adjustments would be presented in the San Lázaro assembly starting on Tuesday and during the rest of the week that the discussion would last, in particular, the expenditure project for next year, a parliamentary stage in which the reservations will have to be presented.

People line up early to obtain some of the food items that are delivered by civil organizations.

RECOVERY OF 300 MMDP

According to studies, almost 300 billion pesos are required to raise Guerrero; in a first stage, to attend to the emergency; The federal government authorized 61 billion pesos. We believe that a fund of 100 billion pesos derived from oil surpluses would be enough to begin the reconstruction of Acapulco and Coyuca,” said Morenoist deputy Daniel Gutiérrez.

That is our proposal; We are going to raise it in those days; We will be with the Treasury. We want to put a reserve, a transitional point so that, of the oil surplus, 30% could be enough to create a stock of almost 100 billion pesos and that this allows the reconstruction of Acapulco," Gutiérrez specified.

Deputy Carol Antonio Altamirano agreed with this approach and also spoke of touching on fiscal surpluses, along with oil surpluses, both for the last quarter of 2023 and all those foreseeable for 2024.

He recalled that the fund that replaced Fonden has 11 billion pesos and a portion will have to be taken from there for reconstruction.

To rebuild Acapulco, one year is not enough, it will be several years. And by 2024, in the opinion there are already 18 billion from the Fund that replaced the Fonden; "You cannot occupy everything, because you must have resources throughout the year," he explained.

TOUCH THE DEBT

Carol Altamirano emphasized that "in the particular debate some aspects of the ruling can still be modified that could cause reallocations in various areas: for example, in the case of Fobaproa and in the financial cost of the debt."

He assured that the reserves are already being prepared “to give a clear and forceful message that in the Budget there will be resources for the reconstruction of Guerrero. And the least we deputies can do is accredit it there to give certainty to the brothers in disgrace. The legislative process for approval is not yet over; The most important stage remains, which is the debate and approval in the plenary session,” remarked Carol Altamirano.

Representative Selene Ávila agreed that part of the debt acquired by 2024 should be used in reconstruction as indicated in article 73 of the Constitution, section VIII and which indicates that, among its uses, resources can be allocated in a state of emergency and for infrastructure. .

He also requested that Ramo 9 of Infrastructure, Communications and Transportation -which by 2024 has growth in real terms of 5.6%- also derives resources for Acapulco.

More measured, the Morenista Marcos Rosendo responded: “Given that the impact of the hurricane occurred in the final stage of approval of the Budget, work is being done on the construction of agreements and on the presentation of reserves that allow resources to be foreseen for the situation in Guerrero. ”.

He specified that, in the next few hours, “probably in the morning on Monday, the results of the work being carried out will surely begin to become evident.”

MODIFY OIL PRICE

The PRI deputy, Carolina Viggiano, explained that the cost of reconstruction ranges between 270 thousand and 300 billion pesos.

He said that the FAM legislators, through their coordinator, Senator Xóchitl Gálvez, propose the constitution of a Fund for the Acapulco Reconstruction Plan.

Our proposal will consist of adding a transitional article to the budget decree, so that on a single occasion, and considering the urgency of serving said tourist destination, this Fund is constituted with resources from oil surpluses; in such a way that the first 7 dollars that the price of oil has above the price established in the Income Law will be destined to feed the Fund for the Acapulco Reconstruction Plan,” he explained.

How would it work? The projected price of oil is 56.7 dollars per barrel; However, today it is sold for up to $80, this means that starting January 1, 2024, the first $7 will be allocated to this fund.
surplus dollars.

It is important to note that for every dollar that the price of oil is higher than the price established in the Income Law, it implies additional resources to the federal government for 13,400 million pesos.

In this way, “the fund could have up to 93,400 million pesos available. This fund would be complemented by the 18 billion pesos budgeted for natural disasters. The rest, 100 billion more, would be obtained from financing from development banks, mainly from the National Financial Institution and
Banobras. In this way, we would have 210 billion pesos, plus the 61 thousand that the federal government already announced, it would give us a total of 270 billion calculated for reconstruction,” listed the PRI legislator.

BRAKE TO MEGAWORKS

As part of the FAM, the PAN deputy, Héctor Saúl Téllez, started with the creation of a Special Fund through a transitional article.

But the PAN considered that, in a first stage, it would receive 100 billion pesos that would come from a 30% cut to the resources of the Mayan Train, the Transismic Train and Dos Bocas, obtaining approximately 85 billion pesos, and a cut of 15 billion pesos in operating expenses of government agencies.

Saúl Téllez proposed that it be a mixed trust figure, with complementary participation from the private initiative. To provide transparency, this Trust would have a Board of Directors made up of secretaries, businessmen, civil organizations, fishermen, farmers and ejidal representatives, affected municipalities and the national anti-corruption system.

A padlock would be put so that in a second stage during 2024 the Fund would be fed with more surplus resources from tax and oil revenues up to 50%, which could give at least 50 thousand million pesos,” explained the PAN legislator.

In Coyuca de Benítez, the lines to receive help from the Red Cross are endless.

FAILURE TO MEASURE DAMAGES

PRI deputy José Yunes Zorrilla warned that it will not be possible to have an accurate estimate until the damage assessment is known.

Preliminary figures range between 300 million pesos and 350 million pesos, added to the supposedly 60 million pesos that they would be using for this year and that, conveniently, a lot of resources are collection waivers," he questioned.

In his opinion, the necessary resources to replace public assets and damaged infrastructure should be considered in the 2024 budget: roads, electrical and hydraulic installations, schools, health facilities, and resources to support housing should also be considered.

They should only be exercised via existing programs and in budget items, in the case of public investment, with registration in the SHCP investment portfolio. It would be dispersed through the corresponding secretariats and in the case of Housing, through the program defined in the PEF (formerly Fonapo) and the tax subsidies for Canadevi and Infonavit. In addition, it should support the state government and the municipalities with resources provided for in a transitional article in the budget,” he added.

The PRI emphasized that the source of income should be the resources released for the operating expenses of social programs.

There are tens of billions of pesos, assigned to the nation's servers, that will be used for political operations.

I don't think there will be reassignment. They will want to distribute the resources of the budgets belonging to the Administrative Branches.”

PROPOSALS TO OBTAIN THE 300 MMDP

• 30% of the oil surplus or give 7 dollars per barrel
• Part of the debt acquired by 2024
• Use the 18 billion from the fund that replaced the Fonden
• 100 billion more financing from Nacional Financiera and Banobras
• 85 billion from a 30% cut to the Maya Train, Dos Bocas and the Transisthmian Train

PEF APPROVAL

The coordinator of the Morena deputies, Ignacio Mier, said yesterday, in a statement, that the approval of the PEF 2024 “will leave clear consciences and the security that the country will have the necessary resources to guarantee the well-being of the population and the reconstruction of “Acapulco.”

For her part, the president of the Board of Directors, Marcela Guerra, called on the parliamentary groups to seek a consensus to carry out a reconstruction fund with oil surpluses.

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