fiscal balance latest publications
Despite the reduced fiscal space, we consider it desirable to boost private consumption and, by the same token, aggregate demand by reducing the target for the 2019 primary balance to 0.5% of GDP.
February 8, 2018
Mexico | Higher oil prices in 2017 helped to improve the fiscal and external balances
Although we predict that crude oil prices will continue to recover this year and beyond, a substantial improvement in these balances will only be achievable in the medium term if the following factors remain: i) strong performance of tax revenues; ii) strict discipline over public spending; and iii) the impulse derived from…