Monday, March 4, 2024
HomeEconomyMexican government eyes sustainable public debt in 2023 budget

Mexican government eyes sustainable public debt in 2023 budget

MEXICO CITY (Reuters) – A budget document released by federal government officials 2023 on Thursday.

The budget shows that annual inflation will slow to 3.2% by the end of 2023, in line with the Bank of Mexico forecast

It The annual headline inflation rate is also expected to fall to 7.7% by December this year, down from 2022 above 8.7%. months until August.

The average exchange rate for the Mexican peso next year is 20.6 USD.

Oil production increased from approximately 1.835 to an average of 1.835 million barrels per day (bpd ) data show that million barrels per day 2022.

Meanwhile, Mexican Finance Minister Rogelio Ramírez Delao told Congress in a speech shortly before the document was released that the Mexican government will work on making public debt ” remain on a stable and sustainable path”.

The

budget aims to bring public debt to 2023.4% of GDP 2023, he said.

President Andres Manuel López Obrador said Tuesday that the budget will not include any tax increases.

The figures in the official budget are in line with a draft document seen by Reuters on Wednesday.

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