July fiscal deficit narrows to 38.8bn pesos: Mexico

MEXICO CITY : Mexico 's public sector fiscal deficit narrowed to 38.8 billion pesos in July, the Finance Ministry said

Published August 30, 2011 Updated August 30, 2011 08:20pm

1 min

By Muhammad Iqbal

Mexican President Felipe Calderon has shrunk the public sector budget deficit after it widened during the 2008-09 recession.

In June, Mexico's public sector ran a fiscal deficit of 107.6 billion pesos.

In early September, Calderon is due to present his budget proposal for 2012 the last year of his term.

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