Mexico Slashes Pemex Aid by 70% to $4.8 Billion in New Budget
Mexico’s government aims to reduce its financial support for state-owned oil company Petroleos Mexicanos’ debt payments to 81.1 billion pesos ($4.8 billion) in 2027, down by nearly 70% from the...
By Scott Squires, Gonzalo Soto and Alex Vasquez · Bloomberg Markets
Mexico’s government aims to reduce its financial support for state-owned oil company Petroleos Mexicanos’ debt payments to 81.1 billion pesos ($4.8 billion) in 2027, down by nearly 70% from the 263.5 billion pesos budgeted this year.