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Strategies & Market Trends : Mish's Global Economic Trend Analysis
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To: loantech who wrote (41175)11/15/2005 3:57:01 PM
From: mishedlo  Read Replies (2) of 116555
 
Mexico's Congress Approves Balanced Budget for 2006

(Update1) Nov. 15 (Bloomberg) -- Mexico's Congress approved a 2006 spending plan that is 8 percent larger than what was approved for this year and gives the country its first balanced budget in a decade.

Legislators in the lower house of Congress voted 367-92 with four abstentions to approve a 1.97 trillion peso ($185 billion) spending plan, which compares with a 1.82 billion budget for this year. The budget boosted spending by 92.3 billion pesos from the original proposal submitted by President Vicente Fox and erased his plan for a surplus.
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bloomberg.com
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