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Mexico´s oil revenues drop,
but tax collection up

EFE News Agency [Spain], by Staff

Original Article

Posted By:PageTurner, 12/31/2013 5:48:19 PM

Mexico City - Mexico´s oil revenues dropped 1.8 percent in the January-November period, compared to the same period in 2012, but non-petroleum tax revenues rose 3.9 percent, the government said. Public sector budget revenues fell 1.2 percent in real terms during the first 11 months of 2013, compared to the January-November period last year, the Finance Secretariat said. Oil revenues fell as a result of a drop in the average price of Mexico´s crude exports, lower oil and gas production, and a stronger peso, the secretariat said in a report.

Comments:
By privatizing its oil company (or starting to), Mexico has found itself with four times as much revenue from the private economy that resulted from it. Think what freeing our health care market from the death grip of Obamacare would do for our economy. Mexico of all places shows how it´s done.

      


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Mexico´s oil revenues drop,
but tax collection up
EFE News Agency [Spain], by Staff    Original Article
Posted By: PageTurner- 12/31/2013 5:48:19 PM     Post Reply
Mexico City - Mexico´s oil revenues dropped 1.8 percent in the January-November period, compared to the same period in 2012, but non-petroleum tax revenues rose 3.9 percent, the government said. Public sector budget revenues fell 1.2 percent in real terms during the first 11 months of 2013, compared to the January-November period last year, the Finance Secretariat said. Oil revenues fell as a result of a drop in the average price of Mexico´s crude exports, lower oil and gas production, and a stronger peso, the secretariat said in a report.

   

 

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