75364
Mexico Posts $2b Deficit
Mexico Posts $2b Deficit

Mexico Posts $2b Deficit

Mexico Posts $2b Deficit

Mexico’s public sector ran a fiscal deficit of 42.185 billion  pesos ($2.19 billion) in September, as the nation was hit by two deadly quakes during the month, the finance ministry said late on Monday, Reuters reported. The latest figure is an 18% decrease from the deficit of 48.397 billion pesos the public sector posted in September 2016. Though the Sept. 7 and 19 earthquakes killed over 470 people and damaged thousands of homes in central and southern Mexico, the finance ministry said the impact on economic growth was expected to be “limited”. “Even if some of the activities in the affected areas are still recovering, the reconstruction efforts will be an important boost to the these regional economies in the coming months,” it added. The finance ministry said the public sector ran a surplus of 63.215 billion pesos in January through September, which compares to a deficit of 251.270 billion pesos in the corresponding period last year. The Mexican government has forecast economic growth of 2 to 2.6% for this year and 20 to 3% in 2018.

 

Short URL : https://goo.gl/tuNccd
  1. https://goo.gl/fNrs9D
  • https://goo.gl/3RGGmV
  • https://goo.gl/D82Xs1
  • https://goo.gl/N2PhJg
  • https://goo.gl/qv2MCR

You can also read ...

Riyadh Going After  Non-Arrested Princes
Political analyst Jamal Khashoggi has said that Saudi Arabia...
Wage growth in Australia has fallen  dramatically in recent years.
The Reserve Bank of Australia says relentless cost cutting by...
No Sign Philippines Economy Overheating
The chief of the Bangko Sentral ng Pilipinas said the...
Shadow financing is seen as one of the culprits behind China’s property-price surge, and regulators have banned  private-equity lending to developers for land purchases.
China’s drive to reduce its debt burden has shifted into a...
Confidence in Afghanistan’s Future Rising Slowly
Afghanistan’s economy is expected to grow 2.6% this year, up...
China’s Tencent Overtakes Facebook in Market Value
China’s social media and video game giant Tencent overtook...
Malaysia Growth Robust
Malaysia’s economy should continue to grow at a decent pace...
Supporters of the bill describe the change  as a boon for small business owners.
Lawmakers who sped a bill through the US House last week may...

Add new comment

Read our comment policy before posting your viewpoints

Image CAPTCHA
Enter the characters shown in the image.

Trending

Googleplus