UPDATE 1-Mexico budget deficit narrows in July-finmin

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MEXICO CITY, Aug 30 (BestGrowthStock) – Mexico’s public sector ran
a fiscal deficit of 49.906 billion pesos ($3.8 billion) in July
(MXPUFI=ECI: ), the Finance Ministry said on Monday.

Mexico posted a 97.876 billion peso budget deficit in
June.

Over the first seven months of the year, the government has
run a 151.6 billion peso deficit.

The government projected a deficit of 2.8 percent of gross
domestic product for this year in its 2010 budget as its tries
to sustain the economy’s recovery from the country’s worst
recession since the 1930s.

The deficit totaled 275 billion pesos last year, equivalent
to 2.3 percent of GDP.
($1=12.675 Mexican pesos at end-July)

UPDATE 1-Mexico budget deficit narrows in July-finmin