UPDATE 1-Mexico's Sheinbaum not planning fiscal reform in first years if elected, advisor says [Yahoo! Finance]
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Source: Yahoo! Finance
not carry out a fiscal reform in the first years of her administration if elected in the upcoming June vote, her advisor was quoted as saying in a podcast published by Grupo Financiero Banorte on Wednesday. Sheinbaum's economic advisor Altagracia Gomez said her efforts will focus on pulling about 55% of Mexico's economy away from informality before doing any fiscal reform. Sheinbaum, the former Mexico City mayor representing the ruling leftist National Regeneration Movement (MORENA), is leading the polls There will be a lot of fiscal responsibility and debt will not rise, Gomez said. The candidate's advisor added the country's transition to renewable energy would be a "trademark" of her government, something the candidate has pledged for in the past. (Reporting by Ana Isabel Martinez; editing by Cassandra Garrison)
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