1996-11-20 Local Press - Subsidies to Pa rastata

 Subsidies to Parastata is to Increase 79.8% in 1997

Federal government subsidies and transfers to public sector businesses will increase 79.8% in 1997. This means an increased from 19.668 billion pesos to 35.371 billion pesos. The largest portion of these subsidies (18.238 billion pesos) will go to the Mexican Social Security institute (IMSS) to prepare for the privatization of the pension system. (La Jornada, 15 November)

Public Debt Up 1.3%

Mexico's public foreign debt increased 1.3% during the third quarter of 1996, to reach a total of $99.722 billion dollars. This is the equivalent of about 30.5% of Mexico's annual GDP, or the total value of its expected exports in 1996. (El Financiero7 19 November).

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