Mexicans lose 363 billion pesos a year due to corruption: CCE

Juan Pablo Castañón, president of the Business Coordinating Council, pronounced himself "to toughen the fight against corruption through responsible institutions"

Mexicans lose 363 billion pesos a year due to corruption: CCE
Mexicans lose 363 billion pesos a year due to corruption: CCE

Mexicans lose 363 billion pesos a year due to corruption, more than the budget allocated to the SEP (300 billion 140.2 million). It is the loss and cost of productivity due to corruption in the Mexican economy, said the president of the Business Coordinating Council (CCE), Juan Pablo Castañón.

In that sense, he pronounced himself for "hardening the fight against corruption through responsible institutions."

During his participation in the plenary of the PRD in the Senate of the Republic, he proposed that there be institutional trust and strengthen the rule of law, to achieve quick and concrete results in corruption.

"Today represents a cost that is estimated at 2% of the Gross Domestic Product according to the World Economic Forum and up to 10% of the economy according to the Organization of American States."

"In order to fight corruption we need joint work from society, companies, value chains and the relationship of companies with institutions of the Mexican State. And from the exercise of the Government and public spending, to close the clamp ''.

The businessman stressed that it is urgent to put a stop to violence and insecurity in the country, which allows to attract and offer confidence in certain regions of the country for the generation of jobs.

"Companies and businesses can not continue to grow and generate jobs unless they have minimum conditions of physical and legal security for their workers and to remain in the investments."

He said that to grow Mexico needs to offer certainty and confidence to those who invest and risk to sustain companies that generate jobs. In another part of his presentation, he spoke about the lack of investment by the public sector, because he said that it will not be possible to grow above 2% "but we will loose more connectivity and investment in infrastructure that will attract investment and generate jobs" .

In this regard, he pointed out that in 2019 there will not be a substantive change in this regard in the previous years. The budget of expenditures anticipates that spending on physical investment will represent only 2.7% of GDP, a percentage that remains unchanged since 2017. "We require public spending to be a priority," he emphasized.