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 . . .

Read Full Story

Related Posts

Vallarta residents threaten to dump trash at City Hall

Vallarta residents threaten to dump trash at City Hall

Red Ambiental cut some garbage routes over unpaid bills, and angry Vallarta residents threatened to...
Zapotec Tomb Found in Oaxaca Sheds Light on Ancient Culture

Zapotec Tomb Found in Oaxaca Sheds Light on Ancient Culture

A 1,400-year-old Zapotec tomb uncovered in Oaxaca is well-preserved with murals and carvings, shedding new...
White pelicans return to Texcoco after 15-year absence

White pelicans return to Texcoco after 15-year absence

After 15 years, American white pelicans return to Texcoco’s restored wetlands, a sign Lake Texcoco’s...

National Guard Protects Monarch Butterfly Sanctuary

Mexico has stationed 300 National Guard members in the Monarch Butterfly Biosphere Reserve, teaming with...