Mexico will bolster science funding in 2018

Science will have a 7.1% budget increase compared to this year
The budget for Science, Technology and Innovation will approach MXN$ 91 billion from which MXN$ 31 billion will be for the Conacyt the country’s main research funding agency - Photo: EFE
11/11/2017
15:01
Newsroom
Mexico City
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Mexico's Present Enrique Peña Nieto has resolved that 2018 will be the year to improve the country's standing in science. Science will have a 7.1% rise compared to this year's budget according to the Annex 12 which corresponds to Science, Technology, and Innovation.

On Friday, Mexico’s Congress gave final approval to the Federal Budget for 2018 with authorized spending totals MXN$ 5.28 trillion, up MXN$ 43.29 billion from the original draft.

The budget for Science, Technology, and Innovation will approach MXN$ 91 billion from which MXN$ 31 billion will be for the National Council for Science and Technology (Consejo Nacional de Ciencia y Tecnología abbreviated Conacyt), the country’s main research funding agency representing a 1.4% rise compared to this year, yet compared to 2016, it represents an 18.03% decrease.

Even thought that this year Mexico excelled in the aerospace field worldwide, the Mexican Space Agency (Agencia Espacial Mexicana abbreviated AEM) will be one of the institutions that will be affected in the founding of its 2018 projects. This year, AEM received a 2.17% budget increase with MXN$ 92 million funding, yet the institution will receive MXN$ 77 million, a 15.8% decrease compared to this year's budget.

Despite the 7.1% increase in the Science, Technology, and Innovation budget, President Enrique Peña Nieto did not achieve the expected 1% of the Gross Domestic Product (GDP) per year to fund this sector, a proposal he made in 2013.

It should be noted that the federal budget for 2018 authorized MXN$ 12,916 million for the country's culture budget representing a 3.7% increase compared to this year's budget. However, the culture budget includes additional resources such as MXN$300 million for Support and Donations to cultural projects proposed by the legislators.

Thus, the Ministry of Culture will operate in 2018 with about MXN$ 488 million increase compared to this year's budget.

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