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Please use this identifier to cite or link to this item:
http://hdl.handle.net/10229/110334
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| Title: | IN NEAR-UNANIMOUS VOTE, CONGRESS APPROVES LARGEST BUDGET IN MEXICAN HISTORY |
| Authors: | Carlos Navarro |
| Keywords: | IN NEAR-UNANIMOUS VOTE, CONGRESS APPROVES LARGEST BUDGET IN MEXICAN HISTORY Tax reform, high oil revenues help boost spending The revenues budget, also set at 2.57 trillion pesos (US$235 billion), assumes an average oil-export price of US$49 per barrel, only slightly higher than the US$46.60 used in the Calderon budget pla In a near-unanimous vote, the Chamber of Deputies approved the expenditures portion of the 2008 budget, authorizing the executive to spend about 2.57 trillion pesos (US$235 billion) during the year, about 152.5 billion pesos (US$13.9 billion) above the amount requested by President Felipe Calderon. In contrast, the 2007 budget was estimated at 2.32 trillion pesos (US$212 billion). The proposal--which contains a large increase in expenditures for social programs, public safety, and tourism--takes into account the recently approved tax reform and projections that global oil prices will remain high. The budget is the largest in Mexican history, administration officials said. 2008 budget, oil prices, anti-poverty programs |
| Issue Date: | 14-Nov-2007 |
| Publisher: | Latin America Data Base / Latin American and Iberian Institute / University of New Mexico |
| Abstract: | ' In a near-unanimous vote, the Chamber of Deputies approved the expenditures portion of the 2008 budget, authorizing the executive to spend about 2.57 trillion pesos (US$235 billion) during the year, about 152.5 billion pesos (US$13.9 billion) above the amount requested by President Felipe Calderon. In contrast, the 2007 budget was estimated at 2.32 trillion pesos (US$212 billion). The proposal--which contains a large increase in expenditures for social programs, public safety, and tourism--takes into account the recently approved tax reform and projections that global oil prices will remain high. The budget is the largest in Mexican history, administration officials said. '.' Tax reform, high oil revenues help boost spending The revenues budget, also set at 2.57 trillion pesos (US$235 billion), assumes an average oil-export price of US$49 per barrel, only slightly higher than the US$46.60 used in the Calderon budget pla ' |
| URI: | http://hdl.handle.net/10229/110334 |
| ISSN: | ISSN 1060-4189 |
| Other Identifiers: | http://ladb.unm.edu/prot/search/retrieve.php3?ID[0]=26816 |
| Appears in Collections: | Sourcemex
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