Banco Mexico resorts to law that prevents officials from earning more than president

Banco Mexico resorts to law that prevents officials from earning more than president



The Bank of Mexico promoted a constitutional appeal before the Supreme Court of Justice of the Nation (SCJN) against the Federal Law of Remuneration of Public Servants, which states that no official can earn more than the president.

In a statement, the Board of the Bank of Mexico explained that this year has adjusted the tabulators of compensation for public servants "in response to the limits indicated" in that law.

However, and appealing to the "constitutional precepts that endow the Central Bank with autonomy", the agency finally promoted this appeal before the Supreme Court.

"The purpose of the promotion of this means of constitutional control is for the Supreme Court to establish and delimit the scope of application of the aforementioned norms and acts, in relation to the autonomy that the Political Constitution itself recognizes and confers, expressly, upon the Bank of Mexico, "he concluded.

In addition, some public servants of the bank and the Workers' Trade Union of Banco de México filed amparo proceedings.

"The Bank of Mexico will abide, at all times, the resolutions issued by the competent judicial authorities," he said.

Questioned by this event, the president of Mexico, Andrés Manuel López Obrador, said at a press conference today that the future of this law depends on the judiciary.

Precisely, justice officials were among the first to speak out against this measure – which accumulates thousands of protections against public workers against them – considering that it would entail an exaggerated reduction of salaries.

The president of Mexico currently earns 108,000 pesos a month (about 5,500 dollars).

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