MEXICO: Everything Up

Mexico's government, presiding happily over a two-year-old boom, had fresh facts last week to justify bullish predictions for the years ahead. Items:

¶ The Treasury announced a 195,5 surplus of 676 million pesos (about $55 million), the largest in Mexico's history. The nest egg was piled up mainly by a 37% increase in government income—comfortably ahead of the 30% rise in government spending.

¶Finance Minister Antonio Carrillo Flores reported that Mexico's dollar balance now stands at $431 million and is still rising. Metals, coffee and tourism led the way as dollar earners,...

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