The Americas | Pensions bonanza

Andrés Manuel López Obrador splashes out as elections loom

The trouble is Mexico can’t pay the president’s bill

Workers at the construction site of Uman Mayan Train station in Mexico.
Keeping spending on trackPhotograph: Getty Images
|Mexico City

On February 5th Mexico’s outgoing president, Andrés Manuel López Obrador, sent a package of 20 reforms to Congress. Most are previously rejected ideas, such as electing judges by popular vote and abolishing independent regulators. The opposition will find one measure harder to block in the run-up to elections in June: the president wants workers’ pensions to equal their final salary, up to a limit of 16,777 pesos ($984) a month.

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This article appeared in the The Americas section of the print edition under the headline “Splashing the cash around”

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Close up of  Javier Milei.

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Javier Milei speaks into a microphone.

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