Already on ArticleSlash?

Forgot your password? Sign Up

Playa del Carmen Real Estate – State Budgets $ 1.2 billion for 2011

Thomas Lloyd
 


Visitors: 240

Since the realization that the area has some of Mexico's highest potential for tourism about a decade ago, Playa del Carmen real estate has received an increasing amount of investment from many sources, including the various levels of government. The state budget of Quintana Roo, which includes Playa del Carmen and Cancun, for 2011 confirms this trend, again allotting large amounts to development of the area.

Early in November 2010, the Head of the State Treasury, Gonzalo Herrera Castilla, submitted to Congress the 2011 tax package, composed of the draft Law on Income and Expenditure Budget, for the amount of 15.6 billion pesos (1.2 billion USD).

The states budget shows investment on developing a safe and healthy society, which will, in the long term as well as short term, protect and increase values of Playa del Carmen real estate. Over the past years, the state and municipality have also modernized budget and spending practices, increasing confidence for investors. The growth and large amounts of investment taking place in the area have been the drive factor of the excellent return buyers continue to see in Playa del Carmen land.

Herrera also provided a general breakdown of the tax package by functional distribution of expenditures. The government sector including law, justice, public order and security, among others, was allotted 3.1 billion pesos (about 240 million USD) which represents 24.9% percent of the budget.

For what is referred to as the social sector, mostly education and health, the budget allots an investment of 8.2 billion pesos, which represents 65.4 percent, for economic development, the amount of 697 million pesos (a bit less than 60 million USD) or 5.5 percent, while investments still to be allocated receive the amount of 534 million pesos (about 42 million USD), 4.2 percent of the project.

Non-programmable spending, which applies to the state debt is projected at 411 million pesos and transfers to municipalities such as Solidaridad, where Playa del Carmen is located about 2.539 million pesos.

A total amount of 340 million pesos was allotted for the Judiciary branch of the state, which shows an increase of 12.4 percent compared with the previous fiscal year's budget. Included in this budget are increases in education, health, law enforcement, public safety and public investment, showing an increase in effort to maintain the area's safe and pleasant lifestyle atmosphere.

TOPMexicoRealEstate.com; Mexico's Leading Network of Specialists for Finding and Purchasing Mexican Properties Safely

Playa del Carmen real estate

(417)

Article Source:


 
Rate this Article: 
 
When to Invest in Playa del Carmen Real Estate
Rated 4 / 5
based on 5 votes
ArticleSlash

Related Articles:

Playa del Carmen Properties Still Accessible to Lower Budgets

by: Thomas Lloyd (March 10, 2010) 
(Real Estate)

What does it mean to own Playa del Carmen Real Estate?

by: Thomas Lloyd (October 26, 2010) 
(Real Estate)

Playa del Carmen Real Estate – Is It For Me?

by: Thomas Lloyd (March 17, 2010) 
(Real Estate)

Playa del Carmen Real Estate – What You Can Get for $200,000

by: Thomas Lloyd (June 30, 2010) 
(Real Estate)

Mexico Real Estate Benefits from $19 Billion Investment for 2011

by: Thomas Lloyd (January 25, 2011) 
(Real Estate/Real Estate Investment)

Playa del Carmen Land – Excellent Investment for Variety of Budgets

by: Thomas Lloyd (June 30, 2010) 
(Real Estate)

Why Buy Playa del Carmen Real Estate on the Beachfront?

by: Thomas Lloyd (January 18, 2011) 
(Real Estate)

Playa del Carmen Real Estate – Ideal for Everyone Except ...

by: Thomas Lloyd (July 28, 2010) 
(Real Estate)

Why is Playa del Carmen Real Estate so Well-loved?

by: Thomas Lloyd (July 13, 2010) 
(Real Estate)

When to Invest in Playa del Carmen Real Estate

by: Thomas Lloyd (October 19, 2010) 
(Real Estate)