Economics: Oil Steady, but not Public Finance

MEXICO - Report 11 Mar 2015 by Mauricio Gonzalez and Ernesto Cervera
Executive Summary A core issue for defining Mexican public finance, especially as it affects the implementation of the 2015 federal spending budget and the design of the budget for 2016, as well as the country’s trade balance for both this year and next is the extent to which international oil markets will continue to experience price volatility, the country’s oil production platform and Pemex’s crude oil exports continue to narrow or at least remain depressed, and the country sees a lower bill for its gasoline imports. During 2015 we expect the most significant of these effects to be felt ...

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