Bloomberg News

Mexico 2012 Deficit Proposal is Manageable, Calderon Says

October 25, 2011

Oct. 25 (Bloomberg) -- The Mexican 2012 budget deficit of 0.4 percent of gross domestic product proposed by lawmakers is manageable, President Felipe Calderon said.

Current global economic problems will affect Mexico for the next 10 years, Calderon said today at a conference in Queretaro, Mexico. The country’s international reserves are enough to deal with any foreign-exchange contingency, he said.

To contact the reporter on this story: Carlos Manuel Rodriguez in Mexico City at carlosmr@bloomberg.net

To contact the editor responsible for this story: Crayton Harrison at tharrison5@bloomberg.net


The Good Business Issue
LIMITED-TIME OFFER SUBSCRIBE NOW
 
blog comments powered by Disqus