April 2, 2016 / 12:30 AM / 3 years ago

Mexico finmin eyes further spending cut of 175 bln pesos

MEXICO CITY, April 1 (Reuters) - Mexico’s finance ministry on Friday said it expects to cut spending by a further 175.1 billion pesos ($10.10 billion) as low oil prices keep pressure on the budget.

The ministry said it expects economic growth to come in at a range of 2.6 to 3.6 percent in 2017.

That compares with a central bank growth forecast of between 2.0 and 3.0 percent for 2016. (Reporting by Mexico City Newsroom)

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