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UPDATE 1-Mexico posts 42.185 bln peso deficit in September
October 31, 2017 / 6:29 AM / 20 days ago

UPDATE 1-Mexico posts 42.185 bln peso deficit in September

 (Recasts lede, adds comment from Finance Ministry)
    MEXICO CITY, Oct 30 (Reuters) - Mexico's public sector ran a
fiscal deficit of 42.185 billion  pesos ($2.19 billion) in
September, as the nation was hit by two deadly quakes during the
month, the Finance Ministry said late on Monday.
    The latest figure is an 18 percent decrease from the deficit
of 48.397 billion pesos the public sector posted in September
2016.
    Though the Sept. 7 and 19 earthquakes killed over 470 people
and damaged thousands of homes in central and southern Mexico,
the Finance Ministry said the impact on economic growth was
expected to be "limited." 
    "Even if some of the activities in the affected areas are
still recovering, the reconstruction efforts will be an
important boost to the these regional economies in the coming
months," it added.
    The Finance Ministry said the public sector ran a surplus of
63.215 billion pesos in January through September, which
compares to a deficit of 251.270 billion pesos in the
corresponding period last year.
    The Mexican government has forecast economic growth of 2.0
to 2.6 percent for this year and 2.0 to 3.0 percent in 2018.
    ($1 = 19.2502 Mexican pesos)

 (Reporting by Adriana Barrera and Anthony Esposito; Editing by
Sunil Nair)
  

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