Puerto Vallarta and Mexico News

Puerto Vallarta and Mexico News

Mexico’s Congress approves budget, set to go into law

The upper house of Congress approved Mexico's budget with 79 votes in favor and 10 against and sent it to the executive branch for signing.

The version was unchanged from the legislation approved by Mexico's lower house last week, which was tweaked by a lower house finance committee.

The committee had adjusted the projected foreign exchange rate to 18.62 per dollar from a prior estimate of 18.20, and raised the revenue estimate by some 51.4 billion pesos ($2.77 billion).

The budget was also based on a projected average crude oil export price $42 per . . .

Read Full Story

Related Posts

Mexican peso exchange rate

Peso weakens past 18 as markets weigh war and rates

The peso slipped past 18 per dollar after Banxico cut rates and global tensions lifted...

Why $100 Oil Still Raises Everyday Costs in Mexico

Mexico produces oil, but households still absorb fuel shocks through freight, food prices, tax subsidies,...
UN warns toxic pollution is shortening lives in Mexico

UN warns toxic pollution is shortening lives in Mexico

A UN expert says toxic contamination in Mexico has become structural, harming health, water, and...
Mexico Finds Missing Aid Boats Near Havana, Crew Safe

Mexico Finds Missing Aid Boats Near Havana, Crew Safe

Mexico’s Navy located two missing aid boats headed to Cuba near Havana, ending a tense...