Make Kitco Your Homepage

Moody's says Mexican 2022 budget increases federal transfers to local governments

Kitco News

MEXICO CITY, Sept 14 (Reuters) - Moody's Investors Service said on Tuesday that the Mexican government's 2022 draft budget increases federal transfers to regional and local governments, which will lead to a gradual recovery of their operating balances and greater capital spending.

That has "positive credit implications," said Moody's. (Reporting by Anthony Esposito)

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.