MEXICO CITY, Dec. 9 (Xinhua) -- Mexico's new government should reconsider those proposed public works projects to avoid accruing debt, a private-sector think tank said on Sunday.
The Private Sector Center for Economic Studies, which belongs to the Business Coordinating Council, Mexico's largest business confederation, called on new Mexican President Andres Manuel Lopez Obrador to reassess his plan to spur employment through infrastructure building.
The primary goal is to avoid a "negative impact on the health of public finances, which is fundamental to maintaining macroeconomic stability," the center said.
"The country's needs should now center on implementing policies that promote an atmosphere of certainty that will stimulate the permanence and arrival of productive investment," the center added.
Such plans as building a rail line and upgrading an airport, among others, will require around 10 percent of GDP through 2024, according to the center.
Lopez took office on Dec. 1. Mexico's debt ballooned to a record 48.2 percent of GDP in 2016, but decreased slightly to 45.4 percent last year.
