Cautious reaction to Mexico’s 2010 budget

By Ronald Buchanan in Mexico City
Published: September 9 2009 21:41
Last updated: September 9 2009 21:41

A cautious 2010 budget proposal that Mexico’s finance minister, AgustÃ*n Carstens, presented to Congress received an equally cautious, but in some cases critical reception from ratings agencies and analysts on Wednesday.

Fitch Ratings said in a statement that the budget reflected “the authorities’ commitment to prevent a significant deterioration of the country’s fiscal situationâ€