Middle East Economic Survey
BUDGETS AND REVENUES
Mexico Passes Budget Based On $27/B Crude Oil Price Projection
Mexicos opposition-run Congress passed the 2005 budget bill on 17 November, basing it on a $27/B crude oil price projection and deficit goal of 0.22% of Gross Domestic Product, which is lower than the oil price of $23/B and deficit goal of 0.14% sought by President Vincente Fox. He had presented an austere budget plan in an attempt to lead Mexico to a...