Key Mexico Lawmaker Recommends Narrowing 2020 Primary Surplus
- A key lower house lawmaker is recommending that Mexico narrow its primary budget surplus by half next year to alleviate fiscal pressure on the government and send more resources to strengthen Petroleos Mexicanos. The peso extended its decline. Mario Delgado, the lower house majority leader for President Andres Manuel Lopez Obrador’s Morena party, said in an interview Wednesday that targeting a surplus of 0.5%, instead of the 1.3% outlined by the Finance Ministry in April, would still continue a decline in the nation’s debt relative to its ...
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