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Article: PRESIDENT FELIPE CALDERON'S 2007 BUDGET PROPOSAL COMES UNDER FIRE.
- Article from:
- SourceMex Economic News & Analysis on Mexico
- Article date:
- December 13, 2006
CopyrightCOPYRIGHT 2006 Latin American Data Base/Latin American Institute. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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President Felipe Calderon has announced plans to boost social expenditures to help alleviate poverty, but opposition members contend that the increases are more than offset by net reductions in some important educational and social programs. Calderon sent his 2007 budget proposal of 2.17 trillion pesos (US$200 billion) to Congress on Dec. 5. The president's proposal increases spending by almost 10% from the final budget approved for 2006 (see SourceMex, 2006-01-04).
Calderon acknowledged that his budget proposal was austere, even with the slight increase from last year, but he was faced with an anticipated reduction in oil-export revenues and the lack of ...