Fitch Sees Mexico’s Budget More Credible, but Insufficient to Stabilize Debt
8 Articles
8 Articles
Fitch sees Mexico’s budget more credible, but insufficient to stabilize debt
The evaluating agency highlighted the realistic projection to raise revenue and promote fiscal consolidation. The Fitch Ratings: Economic Package 2027 is credible appeared first in Eleven News.
The Ministry of Finance said that by 2027 a gradual consolidation was favoured, as an “excessively” accelerated fiscal adjustment would affect the economy.
The 2027 Economic Package showed more conservative economic projections and progress was seen in fiscal consolidation. The 2027 Economic Package: Fitch sees a more credible fiscal consolidation, but debt alert and Pemex first appeared in the CEO.
Read time approx.: 2 minutes, 51 secondsFitch Ratings highlights more realistic macroeconomic assumptions and measures to raise revenue, although it warns that challenges remain to stabilize public debt. Economic Package 2027 proposes a more credible route to consolidate Mexico's public finances, combining macroeconomic assumptions more [...] Fitch sees Mexico's most credible fiscal consolidation with Economic Package 2027 first appeared in Fort…
The Mexican government seeks to reduce the deficit from 4.1% to 3.9% of GDP in 2027, but the qualifier estimates that it would have to approach 2.5% to stabilize public debt.
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