LatinNews Regional Monitor: Mexico - 31 May 2017

* The federal finance ministry (SHCP) has reported that the federal government posted a primary fiscal surplus of M$495.8bn (US$26.55bn) in the first quarter of the year, a 76% increase compared to the surplus registered in the first quarter of 2016. According to the SHCP, the first quarter primary surplus is M$447.5bn higher than projected thanks to an 8.2% increase in government revenue and to the windfall transfer of M$321.65bn in surplus funds held by the central bank (Banxico) to the federal treasury. The SHCP statement concludes that the first quarter results puts the government in a good position to achieve its objective of posting a year-end primary fiscal surplus this year for the first time since 2008.

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