Puerto Vallarta News

Puerto Vallarta 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 . . .

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