LatinNews Daily - 01 October 2019

* Mexico’s finance ministry (SHCP) has issued a report to the national congress detailing public finances and public debt between January and August of 2019. The report, which examines the public sector’s financial situation up until the month of August, highlights that during this eight-month period the public balance sheet presented a deficit of M$118.1bn (US$5.97bn), which compares favourably with regards to the planned public balance sheet which foresaw a deficit of M$311.3bn. The primary balance registered a surplus of M$279.8bn, higher than the expected primary surplus of M$129.5bn Additionally, it outlines that federal government tax revenues increased 2.5% in real terms with respect to the same period of the previous year, whilst budgetary revenues for the public sector (including the federal government, state-owned oil company Pemex, and the federal electricity commission CFE) decreased 2.1% in real terms when compared with 2018. 

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