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2010.11.1510:24:00UTC+00Mexico hikes 2011 Budget Spending by 2.3 Pct

News:

  • Mexico's lower house finance committee, agreed on a budget plan for 2011 on early Monday.
  • The panel has approved a 2.3 pct rise in spending by 3.438 tln pesos ($2.79 bln) in the 2011 budget compared with the 2010 budget approvals.
  • Mexican lawmakers are still confident that they will achieve deficit at 0.5 pct of GDP in 2011, compared with the 0.75 pct in 2010.



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