Mexico, Chile, and Colombia advance major fiscal and structural reforms

Legislative bodies in Mexico, Chile, and Colombia are actively debating upcoming fiscal and structural reforms.

In Mexico, the Chamber of Deputies is reviewing the 2027 Economic Package. Secretary of Finance Edgar Amador Zamora met with majority blocs (Morena and MC) to discuss revenue strategies focused on combating tax evasion. However, opposition parties PAN and PRI declined to participate in recent informal meetings, citing a lack of official transparency. The Finance Commission has also scheduled meetings with high-ranking SHCP officials to analyze public finance perspectives.

In Chile, the government is advancing the fourth capital markets reform (MK4). A central component is the creation of the National Housing Fund (Fonavi), designed to facilitate mortgage access by purchasing credit portfolios. The reform includes a savings mechanism where the state contributes to a down payment after a 30-month period. Legislative discussions involve key financial regulators and central bank officials to refine the technical details of the project.

In Colombia, there is a growing consensus in Congress to reduce the budget for the Special Jurisdiction for Peace (JEP) by approximately 100 billion pesos. Proponents of the cut argue that these funds could be better redistributed to other public investments, while critics have raised questions regarding the entity's current spending on legal defense and administrative costs.