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Calderón tries again
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Mexicois facing adeep recession and rising unemployment- the economy is expected to see adecline of 7% in 2009. And President Calderon though he retains apopularity rating of 70% has lost the midterm elections and the opposition party the PRI has amajority in Congress. The government is trying to raise tax revenues and support social spending. It wants to raise spending on antipoverty programme Opportunidades and achieving universal health care. The highest earners face taxes going upfrom 28% to 30%.
Mexico after the global financial crisis and midterm elections 2009
01/09/2009
The efforts by Calderon to support social spending and reduce the deficit, and to push for reforms, even as his party PAN lost the midterm elections.
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