MEXICO CITY (Reuters) – Mexican financial progress is predicted to speed up in 2023 to round 3% from some 2.4% this yr as inflation cools, the federal authorities’s official 2023 funds doc confirmed on Thursday.
The funds sees annual inflation easing to three.2% by the tip of 2023, in keeping with the Financial institution of Mexico’s prediction for the ultimate quarter of subsequent yr.
It additionally expects annual headline inflation to chill to 7.7% by December of this yr, from greater than 8.7% within the 12 months by way of August.
Mexico’s peso forex was seen averaging 20.6 per greenback subsequent yr.
Oil output was seen advancing to a mean of 1.872 million barrels per day (bpd) from some 1.835 million bpd in 2022, the figures confirmed.
In the meantime, Mexico’s authorities will purpose for public debt to “stay on a secure and sustainable path”, Mexico’s finance minister Rogelio Ramirez de la O instructed Congress in an tackle shortly earlier than the doc was made public.
The funds goals to deliver public debt to 49.4% of gross home product in 2023, he mentioned.
President Andres Manuel Lopez Obrador mentioned on Tuesday the funds wouldn’t comprise any tax will increase.
The figures within the official funds had been in keeping with a draft doc seen by Reuters Wednesday.
