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Fiscal discipline is my watchword, says López Obrador

Monday, September 17, 2018

Andrés Manuel López Obrador, the Mexican president-elect, promised to respect the central bank's autonomy but warned that, if there are imbalances, his government will not be to blame.

Speaking in the state of Nayarit in a tour to give thanks too whose who backed his landslide electoral victory, he said: "We're going too invest and spend but only what the government's coffers receive ... We aren't going to be irresponsible. We don't want increase Mexico's debt.

He warned that "possibly" not all of people's demands will be met "because the country is facing a very difficult situation, basically it's bankrupt, and we won't be able to meet everything that's people need. But what we will do is --and this has to be clear-- we are going to keep all our campaign promises."