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Latinnews Daily - 31 January 2018

In brief: Mexico

* The federal finance ministry (SHCP) has reported that the country closed 2017 with a primary fiscal surplus of 1.4% of GDP. The SHCP noted that this is the first primary fiscal surplus posted by Mexico since 2008 and provides evidence of the government’s successful efforts to cut spending and revert the fiscal deficit. According to the SHCP’s public debt report, which it has now submitted to the federal congress for review, the total government revenue in 2017 reached M$4trn (US$264.27bn), while total spending reached M$5bn.

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