Secretary for Finance,

Secretary for Finance, Government of Mexico September 15, 2005, when Enrique Pe a Nieto was sworn in as governor of the State of Mexico, Luis Videgaray joined his cabinet as Secretary of Finance, Planning and Administration, a position he held for nearly four years. In his own words, the three pillars of his administration were “greater investment capacity to generate more resources, strong finances and management modernization. During his period in charge of the Ministry of Finance of the State Government of Mexico, important measures were implemented to fiscal discipline and public sector modernization. During his term cr rating was upgraded was obtained for the first time in the history of the institution investment grade. The state’s own revenues increased over 150 without raising taxes. This was possible by expanding the tax base and making the process more efficient tax collection.It also refinanced debt by 25 billion pesos to 25 years with a rate 30 lower. This transaction was recognized “Deal of the Year” by Latin Finance magazine. Similarly, developed one of the most comprehensive legal frameworks of the country on projects to provide services and executed the first state projects under this scheme in the country.