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Mexico considers revising 2014 budget after storms

Monday, September 23, 2013

Mexico is considering revising its 2014 budget to counter the heaviest storm damage in decades after death toll has risen to at least 110, President Enrique Peña Nieto said.

Nieto said the Congress "will absolutely have to adjust" the federal budget in light of the mounting destruction caused by the two hurricanes, Ingrid and Manuel.

The government only has $934 million from the contingency fund to deal with reconstruction, Finance Minister Luis Videgaray said.

Source: Xinhua