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

Topics

Authors

Javier Amador BBVA Research - Principal Economist
Iván Martínez Urquijo BBVA Research - Senior Economist
Arnulfo Rodríguez BBVA Research - Principal Economist
Saide Aránzazu Salazar BBVA Research - Principal Economist
Carlos Serrano BBVA Research - Chief Economist

Documents and files


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Report (PDF)

181217_FiscalBudget2019

English - December 18, 2018

Report (PDF)

181218_FiscalBudget2019_esp

Spanish - December 18, 2018

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