In response to spending cuts, the Ministry of Finance announced a review of the National Infrastructure Plan to increase public-private partnerships in the sector. The Ministry of Finance will promote private investment in energy.
Finance Secretary Luis Videgaray announced today that, due to international volatility and the resulting cuts in public spending, the National Infrastructure Plan will be revised with the aim of increasing private investment and public-private partnerships in the energy sector.
During the 28th Mexican Construction Industry Congress (CMIC), Videgaray said that the country's financial authorities will continue to take timely action to ensure liquidity in the foreign exchange market.
Anticipating that the situation of low oil prices and exchange rate volatility will continue beyond 2016, the three levels of government will need to spend less and more effectively.
He even noted that the cancellation of some projects for next year cannot be ruled out.
