No stimulus, tight fiscal targets in Mexico's budget

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Little stimulus, tight debt targets in Mexico's budget

MEXICO CITY - Mexico’s government plans to keep a lid on spending while offering some support for hospitals, pensioners and infrastructure in a lean 2021 budget that forecasts only partial recovery for an economy hammered by the COVID-19 pandemic.

“We would like to think there is money for everyone, but that is not the reality we are facing,” Herrera said, comparing the economic crisis to the 1930s Great Depression as he delivered an austere budget proposal to Congress. Overall the budget was tight, in line with President Andres Manuel Lopez Obrador’s view that successive Mexican governments wasted public funds on excess and corruption.

Instead of borrowing, Lopez Obrador says additional funds for social programs can be found through cutting fat from the budget. Herrera’s budget forecast a contraction of only 8% in the economy this year, a rosier view than the central bank’s worst-case scenario of a 13% slump. The budget proposes $5.2 billion in federal government foreign debt operations and another $1 billion in foreign debt operations for Pemex.

 

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Good!

He look like we have to move more tons of coke to Americans lol

Amadoelquelolea

Lol funny ass shit

All the dope the dope they sell Haha they out of money lol. God damn dope dealing pendejos all yall burning in hell fucking devils

RT : Little stimulus, tight debt targets in Mexico's budget

TrumpCanSaveYouMexico

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