Mayra Gonzalez
The Juarez Journal
Monday, March 15, 2021 | 12:11
Juarez City The economic boost that Mexicans have not received from their President Andrés Manuel López Obrador, “ known as AMLO, ” has come to them through the payment just approved this week by US President Joe Biden, who has begun depositing into bank accounts.
Residents of Ciudad Juárez who have North American documents, either as citizens or as permanent residents, will use the resource of $ 1,400 on this side of the border provided by the United States Government per person to the middle and lower classes. in support of the Covid-19 pandemic.
Angélica Flores has four children born in El Paso, Texas, she and her husband are residents of that country, they all live in Juárez and recently received $ 1,400 for each of them, which is a total of $ 8,400.
With this amount, Angélica will pay for a truck she got on credit, as well as other debts, as noted.
The bill authorized checks for $ 1,400 to millions of low- and middle-income Americans in an effort by the country to get out of the public crisis over the health emergency.
Like Angélica, Abraham López, who also lives in Juárez, received this resource for his two children: $ 2,800 to support the pandemic plus $ 1,000 from the income tax for each child.
With that amount, he will install electricity in an extension he has made to his home and buy musical instruments and sound equipment for a Christian temple opening soon, he said.
He said that the country also offered $ 600 aid to people infected with the virus, which was also received by his mother, who was admitted to General Hospital after the illness.
Nohemí Ordaz is another Juarenses who received this support for her two daughters born in El Paso.
“Now that the pandemic has come, my husband’s salary has been cut and he has taken away many benefits, and because we were all locked up at home, there was more spending on services and food.
Payment for the house does not wait, so all the economic resources we can acquire will go there and for food.
In addition to the support of my parents, the support also goes from me. I try to save for everything by using coupons, ”he said.
Motor for Mexico
López Obrador rose to power, promising to make Mexico’s economy less dependent on its gigantic northern neighbor. His anti-pandemic policies have the opposite effect.
The Mexican president managed one of the most austere budgets in the world during the Covid-19 crisis and refused to borrow extra money as the economy plummeted. The stimulus that averted an even deeper recession and will spark a rebound this year comes from the United States.
Mexico has benefited from pandemic spending by the United States in two major ways, which is expected to exceed $ 5 trillion under the new Biden Administration Act.
Remittances soared to a record when Mexican expats received incentive checks and sent home some of the money. And exports also hit an all-time high, as the things Americans wanted to buy in the age of lockdowns and working from home, such as new televisions or computer equipment, tied in well with the Mexican manufacturing industry.
As a result, the US stimulus measures added about 3.5 percentage points to Mexico’s gross domestic product in 2020, seven times more than the fiscal measures of the country’s own government, according to calculations by JPMorgan Chase & Co. wrong.
The fact that Mexico is “experiencing some sort of recovery is precisely due to the stimulus package in the United States,” said Gabriel Lozano, JPMorgan chief economist in Mexico. “To some extent it made up for what was not provided by the government.” (With information from Bloomberg)