Mexico’s next government pledges budget surplus to calm nervous market

MEXICO CITY (Reuters) – Mexico’s incoming finance minister said on Monday he will push for a larger budget surplus and announced a new deputy central bank governor, among measures intended to boost confidence after the country’s main stock index crashed to its lowest since 2014.

Carlos Urzua, set to become finance minister on December 1, said the new government will aim for a primary budget surplus of around 1 percent next year, up from the 0.7 percent surplus projected for 2018.

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