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

Olas Altas Beach stands under a red flag

Puerto Vallarta issues red flags across key tourist beaches

Eight Puerto Vallarta beaches flew red or mixed flags on Feb. 20 as lifeguards warned...
Playa del Carmen home demand is turning more permanent

Playa del Carmen home demand is turning more permanent

More buyers are moving to Playa del Carmen to live year-round, nudging developers beyond vacation...
Los Cabos courts Gulf travelers with premium air plans

Los Cabos courts Gulf travelers with premium air plans

Los Cabos is targeting higher-spend visitors and keeping Emirates talks alive as it plans longer-term...
kovay

Mexico probes Kovay Gardens resort after US sanctions

Mexico’s FGR and UIF are investigating Kovay Gardens near Puerto Vallarta after U.S. sanctions tied...