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We do not have sufficient resources to support the current or long-term trend levels of public spending. Increasing revenue would involve important changes to our public policies, but doing nothing would be worse and would come at great cost to us all.
The longer we leave it, the more of a challenge population aging will be, with fewer people of working age and more people of retirement age. In 2050, there will be as many over-60s as under-18s – a situation never before seen.
For the last ten years, we’ve been spending more than we have and failing to raise the full amount of possible revenue. This imbalance becomes public debt (which is very costly).
The cash transfers and public services that have been promised exceed the revenue available. Since part of the debt is denominated in foreign currency, factors like the exchange rate and interest rates may make the situation worse.
The cost of debt exceeds ALL public spending on healthcare. That includes the IMSS, ISSSTE, SSa, INSABI, and Pemex, among others. Just imagine what we could do without any debt obligations!
To do so, it’s important that we all know how much revenue is raised and what public spending is needed to address social welfare. We need to get involved! National debt is not beyond our control. Together, we can minimize its costs.
We’re offering this tool free of charge so that together we can learn and determine the most efficient and fair way of achieving fiscal sustainability. Find out how much we can raise in revenue. Calculate what we need to spend. Invent and propose your own scenarios!
We do not have sufficient resources to support the current or long-term trend levels of public spending. Increasing revenue would involve important changes to public priorities, but doing nothing would be worse and would come at great cost to us all.
The longer we leave it, the more of a challenge population aging will be, with fewer people of working age and more people of retirement age. In 2050, there will be as many over-60s as under-18s – a situation never before seen.
For the last ten years, we’ve been spending more than we’ve got and failing to raise the full amount of possible revenue. This imbalance becomes public debt (which is very costly).
The cash transfers and public services that have been promised exceed the revenue available. Since part of the debt is denominated in foreign currency, factors like the exchange rate and interest rates may make the situation worse.
The cost of debt exceeds ALL public spending on healthcare. That includes the IMSS, ISSSTE, SSa, INSABI, and Pemex, among others. Just imagine what we could do without any debt obligations!
To do so, it’s important that we all know how much revenue is raised and what public spending is needed to address social priorities. We need to get involved! National debt is not beyond our control. Together, we can minimize its costs.
We’re offering this tool free of charge so that together we can learn and determine the most efficient and fair way of achieving fiscal sustainability. Find out how much we can raise in revenue. Calculate what we need to spend. Invent and propose your own scenarios!