Oil income beefs up 2003 public finances.

Internet Securities,  June, 2004  

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MEXICO CITY, Jun 15, 2004 (Cronica/Corporate Mexico by Internet Securities, Inc. via COMTEX) -- In 2003, oil earnings were up 22.2% year-on-year in real terms, due mainly to greater export volumes and increased prices, although the depreciation of the peso against the dollar also had an effect.

According to the 2003 Federal Public Account submitted by the Secretariat of Finance and Public Credit (SHCP) to the Chamber of Deputies, non-oil income was up 2.5% during the period of reference. "This is explained by positive figures for State-owned companies and federal tax ...

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