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Mexico’s Senate Shutters Fideicomiso 1705, Begins Returning 1.05 Billion Pesos to Treasury

Leaders frame the handover as an austerity move to free idle resources for urgent needs.

Overview

  • An initial transfer of 800 million pesos is being made now, with the remaining funds to follow in January 2026.
  • The liquidation was carried out with Banobras after officials concluded the trust had fulfilled its original purpose.
  • Rather than reintegrate the balance into this year’s Senate budget, leadership chose to remit the money to the federal treasury.
  • Senate leaders said the resources could help finance reconstruction in areas affected by recent rains.
  • Opposition lawmakers criticized the decision, with PRI Senator Claudia Anaya citing a 1,056 million peso balance and questioning the government’s finances.