Mexican budget compromise
Mexico Senate panels pass 2008 revenue package"Mexican Senate committees approved the government's 2008 budget revenue bill on Monday, after it was revised in the lower house to include higher oil price estimates and income from newly approved taxes.
"The government's income is seen at 2.56 trillion pesos ($239 billion), 153 billion pesos higher than the original proposal submitted by President Felipe Calderon in September...
"Mexico depends on oil exports to fund more than one-third of the federal budget..."
See also Gridlock in the Chamber of Deputies and Senate
posted by Ken Wedding @ 8:19 AM
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