Mexico’s New Finance Minister Inherits Tight Budget Goals

09/07/16 The Wall Street Journal

15851765709_8511a4809c_o.jpgMEXICO CITY—On his first full day in office, Mexico’s new finance minister, José Antonio Meade, has the task of presenting Congress with a budget proposal for 2017 that will slash government spending to confront further declines in oil revenue and rein in growing public debt.

President Enrique Peña Nieto on Wednesday named Mr. Meade, who had been finance minister under a previous administration, to replace Luis Videgaray who resigned in the wake of a political storm over the recent visit to Mexico of U.S. presidential candidate Donald Trump.

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