Jalisco and the Federation prepare funds to face the pandemic
Congress of the Union approves emerging fund initiative of up to 180 thousand 733 MDP; in Jalisco, the Ministry of Public Finance will adapt the budget to guarantee supplies and services against COVID-19
The Government of Jalisco and federal deputies announced economic measures aimed at addressing the impact of the COVID-19 coronavirus pandemic in Mexico from specific funds.
The Governor of Jalisco published in the Official Gazette an agreement by which the State Ministry of Public Finance is instructed to make adjustments to the budget to meet the spending needs related to supplies and services to prevent, contain, and address the pandemic due to the coronavirus .
The document also authorizes the incorporation of budget item 4418 "Aid for unforeseen expenses (pandemic of COVID-19)" to the Expenditure Budget of the 2020 State Government, within the Budget Unit 03 Ministry of Public Finance.
It is specified that the Secretariat shall carry out the necessary actions so that the budgetary balance of available resources is sustainable. However, the agreement does not specify the amounts that will be used for the departure to attend the emergency.
In the local Congress, the deputy Ricardo Rodríguez Jiménez, president of the Legislative Finance Commission, affirmed that the state of Jalisco's finances offers the possibility that the contracting of a credit will eventually be contemplated to face the damages of the pandemic to the economy.
For their part, and in a fast track manner , the deputies of the Congress of the Union approved an initiative to generate an emerging fund of up to 180 thousand 733 million pesos so that the federal Government has additional resources to reduce the impacts on health, the economy, productivity, consumption or employment due to the virus. The plan was turned over to the Senate.
They will open the portfolio to alleviate the contingency
Given the concern that Jaliscienses have about the reduction in their income, tomorrow the State Government will announce an “urgent” measure to alleviate the effects that not only the coronavirus alert leaves in the Entity, but the restrictions that have been implemented to reduce the risks of contagion. "We want to tell people to be calm. L you who ask, which sell fruit on the street, those who work in informal trade, people living day to day, we will help them with a historical program of direct support , "said the governor. The details, which he promised will be "forceful", will be given tomorrow.
There are reserves to endure crisis, according to the President
In full contingency for the coronavirus pandemic, President Andrés Manuel López Obrador (AMLO) assured that his administration has reserves to endure and resist a crisis.
Through a video recording, the President said that he will guarantee the welfare of society in any circumstance or "calamity" and assured that the population should not tighten their belts.
“The policy of asking the people to tighten their belts when there is a crisis is no longer going to be followed. No, now the belt is being tightened by the Government. There is still a way, there is a good margin. We have reserves to resist, to endure and the transformation does not stop, "said López Obrador.
While the President defended his management, the collapse of international oil prices contributed to the continued rise of the dollar against the peso amid high volatility, stemming from concerns about the coronavirus.
The US currency closed yesterday at 23.94 pesos at retail, reaching, for the second day in a row, a new all-time high, despite measures to give more liquidity to the foreign exchange market.
Despite the fact that the federal health authorities have recommended to society not to greet with a kiss and a hand to avoid the spread of the coronavirus, López Obrador made those greetings to members of his cabinet.
In the ceremony for the Anniversary of the Oil Expropriation, the head of the Executive kissed Olga Sánchez Cordero, head of the Interior; Rocío Nahle, Secretary of Energy; as well as the head of the Government of Mexico City, Claudia Sheinbaum.
While Alfonso Durazo Montaño, Secretary of Security and Citizen Protection (SSPC), and Manuel Bartlett, Director General of the Federal Electricity Commission (CFE), greeted them by the hand.
Automotive companies suspend activities
Fiat Chrysler México joined the measures to temporarily suspend production, without defining a date for the resumption of activities. He explained that the evolution of events related to the coronavirus led them to take additional preventive actions in their various plants. In the United States, Ford, General Motors, Fiat Chrysler, Honda and Toyota announced that they will close their factories in the region due to concern among their employees. Hyundai closed its Alabama plant at the contagion of a worker.
Canada and the US close to non-essential travel
The United States (USA) and Canada have agreed to temporarily close their common border to non-essential travel to deal with the coronavirus pandemic, a measure that will paralyze tourism and family visits, but not bilateral trade.
President Donald Trump announced the above at a time when his government is preparing to immediately return to Mexico all those who are caught crossing the United States' southern border illegally.
Trump said he would unveil that measure "very soon." As of last night, said border closure had not been reported.
The effect of these measures will be a greater isolation for the United States, and they affect two borders that have received a markedly different treatment by the Donald Trump government.
They shield even pharmacies
A chain of pharmacies applied extraordinary measures to keep customers at a distance in the city of Lviv, Ukraine, the country that ordered quarantine nationwide. The Government ordered the closure of shops, bars and restaurants. Furthermore, all travel between its capital, Kiev, and other parts of that nation is restricted. Social, cultural, sporting and religious events involving crowds were canceled, while supermarkets, pharmacies and gas stations will remain open in the European country of almost 44 million inhabitants and where 16 cases of COVID-19 have been reported.
Google translated from Informador.