Since 2019 and until the third quarter of this year, the federal government has allocated to the
In 2019, it was approved a budget of
In 2020 it was allocated 5 billion
In addition, he explained, it is receiving more resources to fund its requirements because it has a high overdue portfolio.
At the end of September, the bank’s delinquency rate reached 18.5 percent, an increase of 7.51 percentage points compared to the same period last year.
The analysis by México Evalúa points out that the expansions of spending to the
It explains that in the
In addition, the organization warns about inconsistent justifications that have been detected in the economic feasibility analyses.
The Government contemplated 2,700 branches of the
Although the objective of the expansion of the bank’s branches is to promote financial inclusion, until
It also criticizes that for next year a budget of
Their resources are growing
In the last three years, the
WELFARE BANK BUDGET
(Millions of pesos)
YEAR AMOUNT APPROVED AMOUNT SPENT
2016 1,135 1,028
2017 830 695
2018 744 625
2019 515 6,388
2020 516 6,152
2021* 321 5,579
*Figure as of third quarter
Source: Mexico Evalúa