Over the last three decades, oil’s importance in the Mexican economy has diminished, with energy products shrinking from over three-quarters of all exports in 1982 to less than 15 percent in 2012. Still energy’s role in Mexico’s politics has not receded, in part due to the federal budget’s dependence on the sector—taxes and royalties comprise roughly a third of total inflows into government coffers. As the Congress negotiates the secondary legislation that will set the ground rules for opening up the energy sector in Mexico, the government will have to address this dependence as well, weaning itself from Pemex’s largesse.
- About Us
- Programs & Research
- DONATE NOW
What we are Reading.
- Mexico and U.S. join in educating students to compete with the world
- Toyota moves Corolla to Mexico, highlighting high costs in Canada – The Globe and Mail
- Why Auto Makers Are Building New Factories in Mexico, not the U.S. – WSJ
- Mexico’s Pemex Lands Pipeline Deal With BlackRock, First Reserve – WSJ
- CSE spying in Mexico: Espionage aimed at friends ‘never looks good’ – Canada – CBC News