Who is Raquel Buenrostro, the new Economy Minister?

Subsequently, he obtained a master’s degree in economics from El Colegio de México with a work “Intra-range Exchange Rate Behavior: Analyzing Effects of Intra-Edge Intervention of the Central Bank”.

Buenrostro has taught various courses in mathematics and economics at UNAM and El Colegio de México.

Track and resume

The Master in Economics has over 20 years of experience in public administration.

She held the position of Director General of Administration at the Ministry of Tourism. As the Director General of Innovation and Quality in the Ministry of Public Education. Deputy Director General of Budget Control in the Ministry of Finance and Public Credit (SHCP); Director of Planning and Development at Petróleos Mexicanos, and Deputy Treasurer for Fiscal Policy in the Government of Mexico City.

Head of SAT

After Margarita Ríos Frate, Chair of the SAT from December 13, 2018 to December 5, 2019; Raquel Buenrostro arrived at the Mexican Treasury offices on January 15, 2020 as the new president.

His administration was distinguished by high efficiency in tax collection, especially for large companies that were initially audited and are now coming to fulfill their tax obligations voluntarily, the official explained.

In his administration, he moved from the General Administration of Customs (AGA) in charge of the SAT, to the New Mexican National Customs Agency (ANAM), now as an administrative body overwhelmed by the SHCP.

Poinrostro leaves the next head of SAT with the challenge of reaching the collection target for 2022 for 4.2 billion pesos and for 2023 for 4.6 billion pesos; 56% of the total public revenues proposed to be collected.

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It should be noted that in the May-September period, tax revenue fell month by month, compared to the same periods last year.

Among the pending Buenrostro issues, it is worth highlighting the simplification of compliance with the payment of taxes. It is important to remember that during his administration new trust systems (Resico) were launched for natural and legal persons.

Of course, the new owner will also have to continue to improve personal interest in taxpayers, which was affected after the arrival of covid-19 in Mexico.

The new economy minister

Buenrostro will become head of the economy, in the midst of the various consultations being held in the fields of energy and automobiles, among the treaty partners between Mexico, the United States and Canada (T-MEC).

There are also unresolved issues related to free trade agreements between Mexico, the European Union and the United Kingdom.

The mission of the Ministry of Economy is to formulate and implement comprehensive policies for innovation, diversification and production and commercial integration, as well as encourage national and foreign investment, promote the use of mineral resources and enhance productivity and competitiveness of sectors. Industries that allow their integration into regional and global value chains, in order to contribute to the well-being of Mexicans.

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