Mexico’s fiscal consolidation

Mexico’s fiscal consolidation

Jose Antonio Meade, Secretary of Finance and Public Credit, assured that Mexico has given signs of its fiscal consolidation process, and therefore he dismissed the need to create a Fiscal Council. The trajectory of debt shifted from representing a 50.2% proportion of the 2016 GDP, to be under 50% in 2017. Good fiscal and monetary policies will help face the volatility ahead while giving the economy a more flexible structure, more modern, where more growth sources are present, he said.



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