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Mexico | 2019 fiscal budget: the government approves its first big test

Tuesday, December 18, 2018

Mexico | 2019 fiscal budget: the government approves its first big test

The fiscal package is sound in macroeconomic terms but introduces some microeconomic distortions. It is built on reasonable and market-aligned economic assumptions. Revenue and spending projections are conservative. As we expected, market reaction was slightly positive.

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