Mexico’s government is stuck in a rut. Its tame fiscal package announced in early September led some analysts to predict a possible sovereign downgrade and did nothing to assuage concerns about the fiscal health of the country.
President Felipe Calderón’s PAN government presented its 2010 fiscal plan to Congress but it offers few new reforms or details of how it will seek to adjust Mexico’s oil-dependent accounts.
The package now goes before the Senate, although there might be political horse-trading with the opposition PRI party over certain measures before it is passed into law.
Access intelligence that drives action
To unlock this research, enter your email to log in or enquire about access
