FACTBOX-Mexico lawmakers shape 2011 budget package

Oct 19 (BestGrowthStock) – The finance committee in Mexico’s lower
house approved a budget plan on Tuesday evening that will seek
a higher budget deficit than a plan proposed by conservative
President Felipe Calderon.

Lawmakers in Latin America’s second-largest economy must
prepare a final budget by the second-week of November.

2011 2011 2010

GDP +3.9 +3.8 N/A
Oil price $65.40/BL $63.0/BL $59.00/BL
Oil output N/A 2.55 MLN BPD 2.5 MLN BPD
Deficit* 0.5 PCT GDP 0.3 PCT GDP 0.75 PCT GDP
Inflation N/A 3.0 N/A
* = deficit does not include investment by state oil co. Pemex

The budget plan that Finance Minister Ernesto Cordero last
month handed to Congress, which must vote on the proposal,
includes double digit boosts for some security budgets as the
country battles violent drug cartels.
(Reporting by Patrick Rucker, Robert Campbell, Luis Mena and
Miguel Angel Gutierrez in Mexico City; editing by Carol

FACTBOX-Mexico lawmakers shape 2011 budget package