LatinNews Daily - 11 November 2021

* Mexico’s chamber of deputies has approved in general terms the federal budget for 2022, with 274 votes in favour, 219 against, and three abstentions. The budget proposes M$7.08trn (US$345bn) in spending, an 8.6% increase on the budget approved for 2021. The so-called ‘programmable expenditure’ (relating to healthcare, public security, and investment) totals M$5.24trn relates to so-called programmable spending (encompassing healthcare, public security, and investment), representing a 9.6% increase compared to the 2021 budget, in real terms. The remaining M$1.84trn relates to ‘non-programmable expenses’ spending, relating to the fulfilment of the government’s legal obligations. A total of 1,994 reservations were lodged regarding the budget, and the chamber of deputies will begin voting on these particulars today (11 November).

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