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LatinNews Daily - 02 December 2020
In brief: Mexico’s finance ministry hails public debt management
* Mexico’s finance ministry (SHCP) has published public finance and debt figures for the January-October period, which indicate a primary fiscal surplus of M$175.9bn (US$8.7bn) - an amount which it said was better than expected. The figures also show that over the first ten months of 2020, revenues roughly equalled those taken over the same period last year, registering -0.6% variation. Net public sector debt stands at M$12.1trn, and net federal debt at M$9.2trn, of which 75.1% is denominated in national currency. The SHCP said that the public debt figure for October was less than in September (when it was M$12.3bn), citing the appreciation of the Mexican peso against the US dollar, and “responsible and efficient debt management”. However, the October public debt figure is still a 6.6% increase on that registered at the same point in 2019.
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