Lopez Obrador inaugurated new breakwaters as part of improvements in the port of Salina Cruz in February.
Photographer: Alejandro Cegarra/BloombergAMLO Spends Like Never Before to Set Up Successor’s Victory in Mexico
The president is bolstering welfare programs to help his Morena Party win the June election. That will be a tough act for the next administration to keep up.
Mexico’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.