Mexican Government Slashes Pemex Aid by 70% in New Budget
Mexico plans to cut financial support for state-owned Petroleos Mexicanos by nearly 70% next year, earmarking 81 billion pesos ($4.8 billion) to help cover the oil producer’s debt payments.
<p>Mexico plans to cut financial support for state-owned Petroleos Mexicanos by nearly 70% next year, earmarking 81 billion pesos ($4.8 billion) to help cover the oil producer’s debt payments.</p>