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Weekly Report - 06 October 2016 (WR-16-39)
MEXICO: Mexico City fights against budget cuts
As a direct result of persistently low international oil prices, the Mexican government has been forced to make substantial cuts to the 2017 draft budget. President Enrique Peña Nieto claims that the draft budget submitted to the federal congress in early September was developed with responsibility in order to take care of public finances. However, officials in the Mexico City government (GDF) are sceptical, and have complained that the planned cuts to the city’s budget are too drastic and may answer to political motives.
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