Mayra González
The Newspaper of Juárez
Monday, March 15, 2021 | 00:11
city Juárez- The economic stimulus that Mexicans have not received from their president Andrés Manuel López Obrador ‘known as AMLO’ has come to them through the payment recently approved this week by US President Joe Biden, which has begun to be deposited in bank accounts.
Residents of Ciudad Juárez who have U.S. documents, either as citizens or permanent residents, will use this side of the border the $ 1,400 resource the U.S. government will give them per person ‘in classes. medium and low ‘in support of the Covid-19 pandemic.
Angelica Flores has four children born in El Paso, Texas, she and her husband are residents of this country, all live in Juarez and recently received $ 1,400 for each of them, ie $ 8,400 in total.
With that amount, Angelica will pay for a van she had obtained on credit, as well as other debts, she mentioned.
The bill authorized $ 1,400 checks on millions of low- and middle-income Americans in an attempt by the country to get out of the public crisis due to the health emergency.
Like Angelica, Abraham Lopez who also lives in Juarez, received this appeal for her two children, $ 2,800 for pandemic support plus $ 1 thousand Income Tax for each.
With this amount, electricity will be installed in an extension he made at home and will buy musical instruments and sound equipment for a Christian temple that will open soon, he said.
He said that this country also offered $ 600 support to people who were infected with the virus, this amount was also received by his mother, who was hospitalized at the General Hospital after suffering from the disease. .
Nohemi Ordaz is another woman from Juarez who received this support for her two daughters born in El Paso.
“Now that the pandemic was coming, my husband’s salary was taken down and he took a lot of benefits that he had, and as we were all locked up at home, there were more service and food expenses.
Payment for the house does not wait, so all the financial resources we can acquire goes into this and food.
Apart from the support of my parents it also goes on my part. I try to save by using coupons for everything, ‘he said.
Engine for Mexico
López Obrador came to power with the promise of making Mexico’s economy less dependent on its giant northern neighbor. Its anti-pandemic policies are having the opposite effect.
The Mexican president has handled one of the world’s most austere budgets through the Covid-19 crisis, refusing to borrow extra money as the economy collapsed. The stimulus that prevented an even deeper recession, and which is set to drive a rebound this year, comes from the United States.
Mexico has benefited in two key ways from the U.S. pandemic spending, which is projected to exceed $ 5 trillion with the new Biden administration bill.
Remittances soared to a record as Mexican expats received stimulus checks and sent some of the money home. And exports also hit an all-time high, because the things Americans wanted to buy in the age of closures and work from home, like new TVs or computer equipment, fit in well with Mexico’s manufacturing industry.
The result is that the US stimulus added about 3.5 percentage points to Mexico’s gross domestic product in 2020, seven times more than the fiscal measures taken by the country’s own government, according to calculations by JPMorgan Chase & Co. This year’s figures would also be uneven.
That Mexico is having “some kind of recovery is due precisely to the stimulus package in the United States,” said Gabriel Lozano, chief economist at JPMorgan in Mexico. “To some extent it made up for what was not delivered by the Government.” (With information from Bloomberg)