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

Malecón sales slump

Puerto Vallarta Shops Face 30% Sales Drop As Tourism Struggles

Canaco-Servytur says Puerto Vallarta businesses saw sales fall about 30% after February 22 security incidents...
Profepa Closes Work Sites to Protect Vallarta Turtle

Profepa Closes Work Sites to Protect Vallarta Turtle

Profepa ordered temporary closures on two Puerto Vallarta properties after finding work affecting a nesting...
puerto vallarta airport

Puerto Vallarta Airport Recovery Claim Meets Weak Data

Puerto Vallarta airport traffic fell sharply in April, even as officials point to new routes...
Why Mexico Rejected a Major Cruise Tourism Project in Quintana Roo

Why Mexico Rejected a Major Cruise Tourism Project in Quintana Roo

Mexico rejected Royal Caribbean’s Mahahual project after environmental review and public opposition raised questions about...