Reuters: Regulatory News: Mexico govt asks congress to widen budget deficit in 2013, 2014

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Mexico govt asks congress to widen budget deficit in 2013, 2014 Sep 8th 2013, 23:13 MEXICO CITY, Sept 8 | Sun Sep 8, 2013 7:13pm EDT MEXICO CITY, Sept 8 (Reuters) - Mexico's finance ministry on Sunday submitted a proposal to widen the budget deficit next year to 1.5 percent of gross domestic product, excluding debt of state oil firm Pemex, according to a document sent to lawmakers. The ministry also asked congress to approve a deficit of 0.4 percent of GDP for 2013 after an economic slowdown this year hurt government revenue, the document said. Congress had passed a balanced budget for 2013 last year. The 2014 budget projected the economy would grow 3.9 percent next year, including the effect of structural reforms proposed by the government.

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