Oversight and public finances in Mexico

Abstract

The general objective of the research is to describe the impact of audit management on public finances and tax revenues. According to Organization for Economic Development Cooperation (OCDE, 2022), Mexico lags behind other countries in terms of tax revenue, and tax evasion is considered one of the factors that contribute to this situation. Evasion makes it possible to hide profits and avoid paying the corresponding taxes, which affects state finances and limits the government's ability to promote social programs and improvements. Fiscal policy is a fundamental tool for the economic development and financial stability of a country. In this context, an explanatory qualitative methodology was used, which generated evidence to conclude that auditing acts in Mexico have allowed an increase in tax revenues with a positive effect on public finances; however, still below the average collected by member countries of the OCDE. It is proposed to improve tax education by providing information on the rights and obligations of taxpayers and greater transparency informing how the proceeds are invested and training businessmen in the use of technologies to facilitate the payment of taxes.