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Mexico & Nafta - October 2014 (ISSN 1741-444X)

Videgaray’s stimulus budget

On 7 September Mexico’s finance ministry (SHCP) presented its 2015 draft budget to the federal congress, with Finance Minister Luis Videgaray underlining the M$840bn (US$64.3bn) allocated to public investment. He said that the significant allocation of funds to public investment programmes was a “countercyclical stimulus” measure aimed at boosting economic activity in the wake of poor growth posted in the last couple of years.

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