Mexico outlines budget program cuts for 2016

The Finance Ministry proposed eliminating 56 programs and fusing another 261 into 99.
The Chamber of Deputies will discuss the proposal sent by the Ministry of Finance. (Photo: Archive / EL UNIVERSAL)
01/07/2015
09:46
Leonor Flores y Horacio Jiménez
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Mexico's government outlined dozens of social services, education and farm subsidy programs it wants to cut next year as it seeks to eliminate wasteful spending and offset a decline in oil revenue.

The Finance Ministry sent lawmakers a list of programs, including 56 programs set to be eliminated, among other changes that would fuse another 261 programs into 99. The statement did not include specific amounts of proposed cuts.

It also proposed creating four new programs, among them a national English teaching project.

The ministry will submit a complete 2016 budget plan in early September.

(With information from Reuters) 

 

 

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