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Mexico to Make Less Cuts to Public Spending in 2018

Ying - Xinhua
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September 8, 2017

José Antonio Meade (Reuters)

Cuts to public spending in Mexico's federal budget for 2018 will be lower than in previous years, although the final details are still being worked out, said the country's Finance Minister, Jose Antonio Meade.

"We will point out that the executive, the government, in its operation and administration, will make savings and is facing another round of cuts," Meade told reports after participating in a human resources summit.

Questioned about the size of these cuts, the minister said that "it will be a cut smaller than those seen in previous years as we will be in a better position, as a government, to take this on."

According to Meade, the government provided Congress with its 2018 budget on Wednesday, which will not change the country's tax code and continue policies to stabilize changes in gasoline prices.

Concerning the cancellation of the U.S. Deferred Action for Childhood Arrivals (DACA) by President Donald Trump, Meade said the foreign ministry has sent clear signs that it will defend Mexican citizens that are among the "Dreamers."

On Tuesday, U.S. Attorney-General Jeff Sessions announced an end to the DACA program, passed by former president Barack Obama. DACA had allowed around 800,000 illegal immigrants, who had arrived in the U.S. as children, to avoid the fear of deportation.

Meade said the Ministry of Finance would ensure the Ministry of Foreign Affairs would have the resources needed to face this challenge.

See the original at Xinhua

Related: Mexico Finance Ministry Ups 2017 Growth in Budget Forecast (Reuters)

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