Introduction to Clara Brugada and Her Role
Clara Brugada Molina, the current Head of Government for Mexico City, has been at the forefront of managing the city’s finances and public projects. As a prominent figure in Mexican politics, Brugada’s leadership focuses on ensuring the well-being of Mexico City’s residents through strategic investments and responsible financial management.
Financial Performance in the First Quarter of 2025
Revenue Growth and Public Finances
During a press conference, Brugada presented the financial results for the first quarter of 2025. She highlighted that the city’s finances are in a healthy state, thanks to the citizens’ trust and their contributions through tax payments. The revenue from various indicators, including a 22% increase in tax incomes between January and March 2025 compared to the same period last year, demonstrates this growth.
Appreciation for Citizens’ Contributions
Brugada expressed gratitude to Mexico City’s residents for their confidence in her government and their willingness to pay taxes. This collective effort has significantly boosted public finances, primarily through increased tax revenues, especially from property taxes.
Allocation of Public Funds for Public Welfare
Key Projects and Initiatives
Brugada emphasized that the public funds collected will be invested in various projects aimed at improving the quality of life for Mexico City’s residents. Some notable projects include:
* Financing two lines of the Cablebús system
* Continuing the modernization of the Metro
* Infrastructure for essential services such as street lighting, road repairs, tree trimming, and water management
* Building thousands of new homes
* Purchasing and upgrading all city patrol vehicles, along with acquiring over 40,000 surveillance cameras
* Water and drainage projects
* Construction of 16 Utopías
* Renovation of water purification plants
* School upgrades
* Environmental protection initiatives
* Acquisition of new light rail trains
* Adaptation of the Inner Circuit for a new Metrobús line
* Health prevention programs and social welfare benefits for over 2 million people through new social programs
Responsible Financial Management
Brugada stressed that her administration prioritizes responsible, transparent, and forward-thinking management of public resources to ensure a prosperous future for Mexico City. The city ranks as the federal entity that collects the most revenue in the country.
Details from the Secretary of Administration and Finance (SAF)
Total Incomes and Gross Spending
Juan Pablo de Botton Falcón, the Secretary of Administration and Finance (SAF), reported that total incomes increased by 11.4% to reach 97,764 million pesos, fulfilling 100% of the Income Tax Law and exceeding the estimated quarterly amount. Gross spending totaled 113,511 million pesos, with 47,418 million pesos already spent.
Local Incomes and Taxes
Local incomes rose by 18%, with tax revenues increasing by 22%. Within the tax category, property taxes rose by 27.8%, and payroll taxes increased by 25.5%.
Subsidies and Fiscal Benefits
The property tax discount campaign benefited 1.354 million people in the first two months of 2025. Additionally, 1.211 million vehicles received subsidies for vehicle ownership taxes, resulting in 2.565 million beneficiaries who paid their property taxes and vehicle ownership taxes on time at the beginning of the year. More than 90% of businesses also received fiscal benefits from payroll taxes.
FIMAS Fideicomiso Performance
The Mexico City Infrastructure, Mobility, Water, and Security Trust (FIMAS) has performed as expected in the first quarter. It is estimated to receive annual contributions of 10 billion pesos, derived from a 1% increase in payroll taxes. Established on March 5, FIMAS aims to strengthen investments in the capital without increasing debt. Its resources are allocated exclusively to infrastructure, urban mobility, environmental, water management, technological, and security projects.
Key Questions and Answers
- What is the main topic of this article? The article focuses on Clara Brugada Molina’s presentation of Mexico City’s financial results for the first quarter of 2025, emphasizing a 22% increase in tax revenues and the responsible allocation of public funds for various projects.
- Who is Clara Brugada Molina? Clara Brugada Molina is the Head of Government for Mexico City, a prominent figure in Mexican politics who prioritizes the well-being of city residents through strategic investments and financial management.
- What projects will the increased revenue support? The additional funds will be invested in projects such as Cablebús lines, Metro modernization, housing construction, water and drainage infrastructure, environmental protection initiatives, new light rail trains, and social welfare programs.
- What is the FIMAS trust, and how does it function? The FIMAS trust was established on March 5 to strengthen investments in Mexico City’s infrastructure, mobility, water management, environmental policies, technology, and security without increasing debt. It receives contributions from a 1% increase in payroll taxes and allocates resources exclusively to specified projects.
