Mexico’s 2020 budget sees a 0.7% primary fiscal surplus By Reuters

Mexico's 2020 budget sees a 0.7% primary fiscal surplus By Reuters

MEXICO CITY (Reuters) – Mexico’s government expects a 0.7% primary fiscal surplus in its 2020 budget, a blueprint released on Sunday shows, as President Andres Manuel Lopez Obrador aims to balance spending priorities with a slowing economy.

Lopez Obrador’s second budget since winning a landslide election victory last year aims to boost spending on social welfare programs, security and state-run oil company Pemex, while at the same time eschewing new taxes or fuel price spikes.

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