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Economy / Mexico

On Target For Fiscal Consolidation, Barely

May 2012 | Economic Analysis

BMI View: Mexico looks set to gradually narrow its fiscal deficit to 2.4% of GDP in 2012, from 2.5% in the prior year. While in Q112, the country's shortfall came in substantially under the budget office's projections, we believe the coming quarters will see elevated expenditures and modest revenue growth, capping the extent of the fiscal progress in the coming year.

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