LatinNews Daily - 09 September 2020

* Mexico’s finance minister, Arturo Herrera, has presented the federal congress with the government’s draft budget for 2021. The budget proposal, for some M$6.3trn (US$289bn), is slightly up from the M$6.1trn approved in 2020. It is based on forecasts that the country’s GDP will grow by 4.6% in 2021 if the spread of coronavirus (Covid-19) is successfully contained, and that inflation will come in at 3%, in line with projections by the central bank (Banxico). Herrera said that there would be no new taxes or tax increases, and pledged a 9.2% increase in the health budget relative to what was approved in real terms in 2020, in order to reinforce the country’s health system.

End of preview - This article contains approximately 120 words.

Subscribers: Log in now to read the full article

Not a Subscriber?

Choose from one of the following options

• Subscribe
• Sign up for a one-time, 14-day trial