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February 15, 2019

Mexico | The measures announced today do not solve Pemex’s structural problems

Financial support from the federal government will buy time, but Pemex's credit rating remains at risk. In January, Fitch downgraded the Pemex rating from BBB+ to BBB- after the outlook was revised to negative in October last year.

May 18, 2018

Mexico is going to need fiscal legislation that is actually complied with

The country has made great advances in the last twenty or so years in designing an institutional framework that contributes towards having well-ordered public finances. In 2006 the Federal Budget and Fiscal Responsibility Act was passed.

April 7, 2017

Mexico | Will we see the first fruits of fiscal consolidation in 2017?

As of this year, public debt as a percentage of GDP will stop increasing. 2017 will be the first year since 2008 with a fiscal primary surplus. It is positive that the government sets a target for a fiscal primary surplus of 1% of GDP for next year. It is adequate that the government is taking the average of GDP growth fore…