Growth of 6 percent and 10 other economic goals of the Mexican National Development Plan for 2019-2024
The government of Andres Manuel Lopez Obrador (AMLO) has given the Congress the Mexican National Development Plan for 2019-2024. In it, AMLO seeks to achieve six percent growth by the end of his presidential term.
One of the most prominent principles of the Mexican National Development Plan for 2019-2024 is the promotion of the efficient and responsible use of resources. It is believed by the government of AMLO that strict adherence to this approach will enable Lopez Obrador to leave his office in 2024 with an annual growth rate of 6%, and a six-year average of 4%
The Mexican National Development Plan for 2019-2024 is in the process of being reviewed by the country’s Congress. After 30 working days to discuss the Plan, it will be returned to Mexico’s chief executive, so that adjustments that have been requested by the Congress can be made. There are 10 objectives that the Mexican National Development Plan for 2019-2024 seeks to achieve. They are:
- The promotion of an inclusive financial system that makes credit resources available to underserved populations and that allocates resources efficiently to support projects and activities that generate economic, social and environmental benefits.
Tracking indicators: The number of payments made electronically as a proportion of gross national product (GNP); the percentage of citizens included in the country’s financial system and the development index of the financial system.
- The creation of an environment that will encourage the generation of greater employment opportunities in the formal sector of the nation’s economy, as well as the promotion of the improvement of working conditions for laborers.
Tracking indicators: The percentage of the workforce in the informal sector and the real monthly average income.
- The stimulation of innovation, competition, and integration of all value chains and the generation of higher value-added activities in all productive sectors of the economy in an environmentally conscious and sustainable manner.
Tracking indicators: The number of patents, copyrights, and industrial designs registered with the World Intellectual Property Organization, as well as the measurement of national content in manufactured exports.
- The Mexican National Development Plan for 2019-2024 aims at the promotion of an environment of macroeconomic stability and the maintenance of sustainable public finances that favor both public and private investment.
Tracking indicators: The amount of national debt as a proportion of government expenditures.
- The establishment of a sovereign and sustainable energy policy that generates low emissions and produces energy that is accessible, secure, and high quality.
Tracking indicators: The quantity of energy generated from renewable sources as a percentage of total generation, and the index of energy independence.
- The development of a transparent, accessible, sustainable, modern, inclusive, safe, and efficient network of telecommunications and of transport. This will be done with a vision of regional development and of national networks that connect all people and facilitate the transfer of goods and services.
Tracking indicators: The formal amount of employment in the telecommunications and transport sectors as recorded by Mexican Social Security, as well as the percentage of federal toll roads that are in satisfactory condition.
- The creation of access for the nation’s population to transparent and sustainable broadcast networks, with an emphasis on the development of the Internet and broadband access, and to promote the integral development of the digital economy.
Tracking indicators: Percentage of the population with access to broadband services. The percentage of localities providing free access to Internet service in public spaces.
- The development of sustainable and inclusive agriculture and aquaculture industries that serve the broader Mexican nation, as well as the country’s indigenous communities.
Tracking indicators: National grain and milk production as a percentage of nationwide consumption, as well as the national production of white and yellow corn, beans, rice, and wheat as a percentage of domestic consumption.
- The positioning of Mexico as a world-class, premiere, sustainable and inclusive tourist destination.
Tracking indicators: Tourism as a percentage of gross domestic product (GDP).
- The promotion of an economic development model that achieves the reduction of emissions of greenhouse gases and improves the quality of life of Mexico’s citizens.
Tracking indicators: Carbon intensity from the burning of fossil fuels.