Mexico 2018 budget eyes growth in the economy

Mexico’s finance ministry projected a further drop in its public borrowing requirement next year while raising its growth forecast for this year as it presented its 2018 budget proposal on Friday.

The government is this year on track to post its first primary surplus in nearly a decade after it cut spending to contain a deficit splurge that threatened Mexico’s credit rating.

Now policymakers say they can slow the pace of budget cuts in 2018 and still get the country’s debt burden on a downward trajectory.

Source: Reuters