Mexican debt increased 50 percent, says CeespStaff Writer | July 9, 2016
Mexican debt has risen by 50 percent during the administration of President Enrique Peña Nieto, the Center for Economic Studies of the Private Sector (Ceesp in Spanish) said.
LatAm economy A report from the Center for Economic Studies:
Foncerrada, who represents a non-governmental organization, said that the debt has increased from 6.3 billion pesos in 2012 to 9.3 billion pesos in May 2016, when the exchange rate of the Mexican currency was just over 18 pesos per U.S. dollar.
He also stressed that government investment fell from 3.7 percent of the GDP in December to three percent so far this year.
In addition, the economist stated his regret that poverty had increased in the country during the current administration. ■