Mexico | 2019 fiscal budget: the government approves its first big test
Published on Tuesday, December 18, 2018 | Updated on Wednesday, December 19, 2018
Mexico | 2019 fiscal budget: the government approves its first big test
Summary
The fiscal package is sound in macroeconomic terms but introduces some microeconomic distortions. It is built on reasonable and market-aligned economic assumptions. Revenue and spending projections are conservative. As we expected, market reaction was slightly positive.
Geographies
- Geography Tags
- Mexico
Topics
- Topic Tags
- Macroeconomic Analysis
Authors
Javier Amador
BBVA Research - Principal Economist
Iván Martínez Urquijo
BBVA Research - Principal Economist
Arnulfo Rodríguez
BBVA Research - Principal Economist
Saide Aránzazu Salazar
BBVA Research - Principal Economist
Carlos Serrano
BBVA Research - Chief Economist