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Top related persons:
Raquel Cunha - 2 Andres Manuel Lopez Obrador - 2 Ana Isabel Martinez - 2 Stephen Eisenhammer - 2 Mexico's Finance Ministry Rogelio Ramirez de la O - 1 Marcela Guerra - 1 Lopez - 1 Patricia Terrazas - 1
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MEXICO Mexico City Mexico Bank of Mexico Brazil Mexico's
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Thomson - 3 Mexico's Finance Ministry - 2 REUTERS - 2 Bank of - 2 Mexican - 1 Lopez Obrador's - 1 Action Party - 1 PAN - 1

Search resuls for: "Mexico's Finance Ministry"


4 mentions found


☆ Mexico's election year deficit plan fuels fear over finances
  + stars: | 2023-09-11 | by ( Dave Graham Diego Oré | Dave Graham | Diego Oré | ) www.reuters.com   time to read: +4 min
REUTERS/Raquel Cunha Acquire Licensing RightsMEXICO CITY, Sept 11 (Reuters) - The Mexican government's plan to run up the biggest budget deficit in decades during the 2024 general election year could put pressure on public finances and eventually threaten its credit rating, analysts said on Monday. Lopez Obrador last week backed former Mexico City Mayor Claudia Sheinbaum as his party's candidate to succeed him. Historic data show the projected budget deficit for 2024 will be the highest since 1988 as a proportion of GDP. The government's higher spending plans should bolster Latin America's second-biggest economy, which has outpaced forecasts this year, brightening the outlook for 2024. He also noted that since Mexico's current account deficit is currently considerably lower than foreign direct investment, there was a pool of untapped demand in the economy that the government could temporarily offset via higher spending.
Persons: Mexico's Finance Ministry Rogelio Ramirez de la O, Marcela Guerra, Raquel Cunha, Andres Manuel Lopez Obrador, Lopez, Patricia Terrazas, Lopez Obrador, Mexico City Mayor Claudia Sheinbaum, Gabriela Siller, Alberto Ramos, Goldman Sachs, Ramos, Raul Feliz, Feliz, Dave Graham, Diego Ore, Noe Torres, Jamie Freed Organizations: Mexico's Finance Ministry, Mexican, REUTERS, Lopez Obrador's, Action Party, PAN, Mexico City Mayor, Banco Base, Bank of, Thomson Locations: Mexico City, Mexico, MEXICO, Bank of Mexico
☆ Mexico sees similar economic growth next year, more help for Pemex
  + stars: | 2023-09-09 | by ( Ana Isabel Martinez | ) www.reuters.com   time to read: +3 min
A draft seen by Reuters had forecast 2024 economic growth at 2.4%, below the final published figure. The 2024 budget will now be debated by lawmakers in Congress, where the ruling coalition of President Andres Manuel Lopez Obrador commands majorities in both chambers. The key 2024 oil price is used to estimate a large amount of government revenue. State oil company Pemex's overall budget will be cut 36%, according to the draft budget from 2023 funding levels. The draft budget projects those costs will dip next year by about 4.75 billion pesos ($270 million), or down by 7.6% in inflation-adjusted terms.
Persons: Mexico's Finance Ministry Rogelio Ramirez de la, Raquel Cunha, Andres Manuel Lopez Obrador, Ana Isabel Martinez, Carolina Pulice, Sarah Morland, Stephen Eisenhammer, Chizu Nomiyama, Leslie Adler, William Mallard Organizations: Mexico's Finance Ministry, REUTERS, Reuters, DUC, Thomson Locations: Mexico City, Mexico, MEXICO, Brazil
☆ Exclusive: Mexico budget sees lower growth, slower inflation in 2024 -draft
  + stars: | 2023-09-08 | by ( Ana Isabel Martinez | ) www.reuters.com   time to read: +1 min
MEXICO CITY, Sept 8 (Reuters) - Mexico's finance ministry expects economic growth to slow in 2024 to around 2.4% from some 3% this year, according to draft budget forecasts seen by Reuters on Friday. The ministry did not immediately respond to a request for comment about the forecasts, which were in a draft document and confirmed by a source familiar with the matter. The draft was not dated, but the source said the figures were up to date. The ministry is due to present the official 2024 budget to lawmakers in Congress later on Friday. According to the document, the government estimates that headline inflation will ease to 3.8% at the end of 2024 from 4.5% at the close of this year.
Persons: Ana Isabel Martinez, Stephen Eisenhammer Organizations: MEXICO CITY, Reuters, Bank of, Thomson Locations: MEXICO, Bank of Mexico, Mexico's
☆ Mexico refinancing debt to help next government, official says
  + stars: | 2022-10-20 | by ( Anthony Esposito Ana Isabel Martinez | Anthony Esposito | Ana Isabel Martinez | ) www.reuters.com   time to read: +2 min
MEXICO CITY, Oct 20 (Reuters) - Mexico's finance ministry has been tasked with refinancing the country's debt, especially bonds maturing in 2025, in order to help ease the financial burden on the next administration when it takes office, a senior official said. President Andres Manuel Lopez Obrador had asked the ministry to refinance as much debt as possible, as well as to lower costs and extend maturities, Yorio said. Mexico City Mayor Claudia Sheinbaum and Foreign Minister Marcelo Ebrard are among those jostling for the MORENA candidacy. The government would look for new opportunities to refinance or buy back external and domestic debt, he added. Yorio's team is also working to develop a local debt market built on sustainable bonds.
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