AMLO Spends Like Never Before to Set Up Next #Mexico President
April 5, 2024
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0:52Now PlayingAMLO Spends Like Never Before to Set Up Next #Mexico President
YouTube Description
as posted by the channelMexico’s once-frugal president has ratcheted up spending, resulting in the biggest budget deficit since the 1980s and potentially leaving his successor in a financial bind.
It’s a departure for Andres Manuel Lopez Obrador, who kept a grip on the public purse all through the pandemic, as leaders elsewhere spent freely. Now, the president is boosting stipends for students and retirees, showering the state oil company with cash, and trying to get landmark construction projects finished.
The popular agenda looks set to help Lopez Obrador’s party retain the presidency with a landslide win in the June election. His party’s chosen candidate Claudia Sheinbaum, a former Mexico City mayor, has a commanding poll lead — especially in poorer southern states like Oaxaca, where public money is driving an economic boom.
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