{"id":11480,"date":"2021-08-10T11:00:10","date_gmt":"2021-08-10T16:00:10","guid":{"rendered":"https:\/\/backup.primeaction.com\/sp\/?p=11480"},"modified":"2021-08-04T12:30:45","modified_gmt":"2021-08-04T17:30:45","slug":"espacio-fiscal-de-mexico-es-limitado-percepcion-de-inversionistas-clave","status":"publish","type":"post","link":"https:\/\/backup.primeaction.com\/sp\/espacio-fiscal-de-mexico-es-limitado-percepcion-de-inversionistas-clave\/","title":{"rendered":"Espacio fiscal de M\u00e9xico es limitado; percepci\u00f3n de inversionistas, clave"},"content":{"rendered":"

El espacio fiscal de M\u00e9xico sigue siendo limitado y est\u00e1 expuesto de forma importante a los cambios en el sentimiento de los inversionistas, coincidieron analistas de Banco Base, HR ratings y el Instituto de Finanzas Internacionales (IIF).<\/p>\n

Las finanzas p\u00fablicas enfrentan varias presiones de largo plazo como las crecientes pensiones, el apoyo consistente que est\u00e1 dirigiendo el gobierno a Petr\u00f3leos Mexicanos, su baja recaudaci\u00f3n y la limitada capacidad de crecimiento econ\u00f3mico, explic\u00f3 el director de an\u00e1lisis econ\u00f3mico de la calificadora HR, Felix Boni.<\/p>\n

As\u00ed que la situaci\u00f3n financiera de Pemex es s\u00f3lo una parte de las presiones de corto plazo que pueden estar enfrentando las finanzas p\u00fablicas, advirti\u00f3.<\/p>\n

El gasto de capital de Pemex aument\u00f3 30% respecto del que realiz\u00f3 el a\u00f1o pasado (…) la cuesti\u00f3n es que en tres o cuatro a\u00f1os tendremos que ver si tendr\u00e1 resultados positivos al aumentar la refinaci\u00f3n y producci\u00f3n\u201d, consign\u00f3 Boni.
\nAparte, la directora de an\u00e1lisis econ\u00f3mico y financiero de Banco Base, Gabriela Siller, explic\u00f3 que Pemex continuar\u00e1 como un factor de riesgo cada vez mayor para las finanzas p\u00fablicas de M\u00e9xico, pues la petrolera sigue endeud\u00e1ndose y es el gobierno quien est\u00e1 asumiendo el costo financiero.<\/p>\n

La estratega explic\u00f3 que tras perder el grado de inversi\u00f3n se ha encarecido la posibilidad de que la petrolera levante recursos en el mercado. Es entonces el gobierno quien asume la responsabilidad de fondear a la petrolera y sus proyectos de expansi\u00f3n, advirti\u00f3.<\/p>\n

Desde Washington, analistas del IIF consideran que adicional a estas presiones presupuestales, el pa\u00eds tiene un espacio fiscal limitado por una baja capacidad de crecimiento y una confianza empresarial erosionada.<\/p>\n

En un reporte especial para Am\u00e9rica Latina, titulado \u201cEl desaf\u00edo fiscal\u201d, el IIF, la mayor asociaci\u00f3n de instituciones financieras globales, explica que \u201cla vulnerabilidad fiscal de los pa\u00edses en Am\u00e9rica Latina, en un contexto de condiciones financieras globales que se est\u00e1n endureciendo, podr\u00eda pesar sobre la confianza de los inversionistas\u201d.<\/p>\n

Es entonces que destacan el caso de M\u00e9xico al advertir que \u201ccontrario a la tendencia regional, seguir\u00e1 siendo austero en medio de un espacio fiscal limitado, una alta exposici\u00f3n a cambios en el sentimiento de los inversionistas y una confianza empresarial erosionada\u201d.<\/p>\n

Recursos distra\u00eddos<\/p>\n

La experta de Banco Base argument\u00f3 que en un contexto de lenta recuperaci\u00f3n econ\u00f3mica, se desacelera la recaudaci\u00f3n y aumentan los riesgos de un debilitamiento de las finanzas p\u00fablicas.<\/p>\n

Entonces, al avanzar el modelo operativo de una empresa paraestatal, como est\u00e1 pasando con Pemex, el gobierno est\u00e1 utilizando los recursos que tiene para apoyarla en lugar de utilizarlos para otorgar una pol\u00edtica contrac\u00edclica que ayude a acelerar la recuperaci\u00f3n econ\u00f3mica, explic\u00f3 Siller.<\/p>\n

El especialista de HR Ratings admite que Pemex es un punto de presi\u00f3n para las finanzas p\u00fablicas, pues no s\u00f3lo requiere el apoyo del gobierno para cumplir con sus obligaciones financieras y mantener el gasto de capital, tambi\u00e9n se han reducido sus aportaciones tributarias.<\/p>\n

De acuerdo con el reporte financiero de Pemex del segundo trimestre del a\u00f1o, realiz\u00f3 transferencias al gobierno federal por un monto de 368,963 millones de d\u00f3lares en el primer semestre del a\u00f1o.<\/p>\n

La cuesti\u00f3n es que la empresa productiva del Estado no solamente puede presionar financiando la deuda, sino que el gobierno necesite m\u00e1s recursos para apoyarle y la petrolera aporte mucho menos, observ\u00f3 Boni.<\/p>\n","protected":false},"excerpt":{"rendered":"

Se enfrentan presiones de largo plazo como las crecientes pensiones, el apoyo consistente que est\u00e1 dirigiendo el gobierno a Petr\u00f3leos Mexicanos y la baja recaudaci\u00f3n.<\/p>\n","protected":false},"author":10,"featured_media":11482,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"single-post.php","format":"standard","meta":{"_eb_attr":"","site-sidebar-layout":"default","site-content-layout":"default","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"default","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"_mbp_gutenberg_autopost":false,"fifu_image_url":"https:\/\/www.eleconomista.com.mx\/__export\/1628057483728\/sites\/eleconomista\/img\/2021\/08\/04\/pemex_x8x.jpg_423392900.jpg","fifu_image_alt":"Espacio fiscal de M\u00e9xico es limitado; percepci\u00f3n de inversionistas, clave","footnotes":""},"categories":[8],"tags":[],"class_list":["post-11480","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-post-automotriz"],"yoast_head":"\nEspacio fiscal de M\u00e9xico es limitado; percepci\u00f3n de inversionistas, clave · Prime Action Consulting<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/backup.primeaction.com\/sp\/espacio-fiscal-de-mexico-es-limitado-percepcion-de-inversionistas-clave\/\" \/>\n<meta property=\"og:locale\" content=\"es_ES\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Espacio fiscal de M\u00e9xico es limitado; percepci\u00f3n de inversionistas, clave · Prime Action Consulting\" \/>\n<meta property=\"og:description\" content=\"Se enfrentan presiones de largo plazo como las crecientes pensiones, el apoyo consistente que est\u00e1 dirigiendo el gobierno a Petr\u00f3leos Mexicanos y la baja recaudaci\u00f3n.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/backup.primeaction.com\/sp\/espacio-fiscal-de-mexico-es-limitado-percepcion-de-inversionistas-clave\/\" \/>\n<meta property=\"og:site_name\" content=\"Prime Action Consulting\" \/>\n<meta property=\"article:published_time\" content=\"2021-08-10T16:00:10+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.eleconomista.com.mx\/__export\/1628057483728\/sites\/eleconomista\/img\/2021\/08\/04\/pemex_x8x.jpg_423392900.jpg\" \/>\n<meta name=\"author\" content=\"primeactionmx\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/www.eleconomista.com.mx\/__export\/1628057483728\/sites\/eleconomista\/img\/2021\/08\/04\/pemex_x8x.jpg_423392900.jpg\" \/>\n<meta name=\"twitter:label1\" content=\"Escrito por\" \/>\n\t<meta name=\"twitter:data1\" content=\"primeactionmx\" \/>\n\t<meta name=\"twitter:label2\" content=\"Tiempo de lectura\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutos\" \/>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Espacio fiscal de M\u00e9xico es limitado; 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