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Mexico Cuts Budget by $1.69Bln After Brexit Referendum

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Mexico’s government will cut budgetary spending by 31.7 billion pesos (some $1.69 billion) amid the shock experienced by the local and world economy by British... 24.06.2016, Sputnik International

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Mexico Cuts Budget by $1.69Bln After Brexit Referendum

14:16 GMT 24.06.2016 (Updated: 15:27 GMT 28.05.2023)

© AFP 2023 / Luis AcostaA Mexican flag flutters at the Zocalo square in Mexico City, on April 29, 2009. The World Health Organisation raised its flu alert to phase five out of six, WHO chief Margaret Chan said, signalling that a pandemic was "imminent" following the swine flu outbreak.

A Mexican flag flutters at the Zocalo square in Mexico City, on April 29, 2009. The World Health Organisation raised its flu alert to phase five out of six, WHO chief Margaret Chan said, signalling that a pandemic was imminent following the swine flu outbreak. - Sputnik International

Mexico’s government will cut budgetary spending by 31.7 billion pesos (some $1.69 billion) amid the shock experienced by the local and world economy by British voters' decision to leave the European Union, Secretary of Finance and Public Credit Luis Videgaray Caso said Friday.

MOSCOW (Sputnik) — According to the final referendum results, 51.9 percent of British voters, or 17.4 million people, decided to support Brexit, while about 16.1 million opposed it.

"Mexico will react in the same manner as it did before by enhancing its macroeconomic basis, and carrying out responsible fiscal policy," he told reporters.