Mexico ready to increase state spending

13 Nov 2008

Mexico’s Congress was expected on Wednesday to vote through a budget that could increase government spending by 16 per cent, as part of a strategy to spend its way out of the fall-out from the US downturn. The lower house’s budgetary commission unanimously approved next year’s spending programme just after 8am on Wednesday. The bill was expected to go to the full house for final approval by early afternoon.Full_Story

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