LatinNews Daily - 01 September 2020

* Mexico’s finance ministry (SHCP) has published its public finances and debt report for July, which reveals the government registered a fiscal deficit over the January-to-July period of M$414.6bn (US$19.04bn), above the M$387.3bn figure it had predicted. The statement also showed the public deficit was some M$261.5bn (170.8%) larger than the figure accumulated over the same period in 2019. Meanwhile, total public debt climbed to M$12.2bn over the first seven months of the year, up from M$10.9bn in the same period in 2019, owing “in particular” to measures taken to mitigate the effects of the coronavirus (Covid-19) pandemic. Despite the numbers, the ministry maintained the country’s public finances remain in “robust” shape and allow for a “sustainable response” to the negative effects the virus is having on the country’s economy and health. In the same vein, SHCP said the results “continue to reflect a prudent management of public finances”.

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