The Superior Audit of the Federation (ASF) reported that in 2020 the Ministry of Finance and Public Credit (SHCP) complied with the applicable legal and regulatory provisions and duly formalized financing operations; In addition, it made a timely record of income, expenses and reserve of the Budgetary Income Stabilization Fund (FEIP).
According to the result of the Public Account 2020, financing operations of the federal government They came from government securities, bond placements abroad, external credits with the International Bank for Reconstruction and Development, French Development Agency and the Central Bank of Honduras.
The ASF reported that Resources obtained were deposited in the accounts in national and foreign currency that has the Treasury of the Federation in the Bank of Mexico; The contracted obligations were paid on time and the net indebtedness obtained was in accordance with the limit authorized in the Federal Income Law for the 2020 Fiscal Year.
Income and expenses
Also, income, expenses and the FEIP reserve, as well as its registration and presentation in the financial statements and in the Public Account, were carried out in accordance with the applicable legal provisions and, specifically, with respect to the revised sample established in the section on scope.
Therefore, the ASF concluded that, in general terms, SHCP, Nacional Financiera, and Banco de México complied with legal and regulatory provisions that are applicable in the matter.
He detailed that the FEIP obtained revenues of 65 thousand 330 million 195 thousand 700 million pesos, mainly for oil hedges for 2020, the contribution received from the Mexican Petroleum Fund for Stabilization and Development and the returns generated by the investment in the trust accounts.
Regarding expenses, these totaled 214 thousand 376 million 246 thousand 700 million pesos and It was verified that they corresponded mainly to the resources reported from the FEIP to the Federal Treasury to compensate for the decrease in the federal government’s income and for the acquisition of oil coverage for fiscal year 2021;
Likewise, an availability of the FEIP was verified as of December 31, 2020 of 9 thousand 497 million 783 thousand pesos.