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

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    Published on Tuesday, December 18, 2018 | Updated on Wednesday, December 19, 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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