Mexico makes fiscal cuts in light of oil price collapse

Genevieve Signoret

Fiscal policy

Mexico’s Treasury (Hacienda) hedged last year against the risk that in 2015 oil prices would be low. To brace for 2016–2017, Luis Videgaray—the secretary of the Treasury—has announced multiannual spending cuts amounting to $8.3Bn, or 0.7% of GDP. He also signaled that Pemex and CFE will be announcing cuts too.

Mexico makes fiscal cuts in light of oil price collapse
SHCP

Comentarios: Deje su comentario.