translated from Spanish: Mexico debt increases 11%

city of Mexico.-from January to September 2018, the cost of the public debt had an upward trend, consistent with the volatility of the exchange rate and increases in interest rates. In addition, physical investment increased modestly, because of the momentum of the energy sector.
According to figures published by the Ministry of finance and public credit (SHCP), in the same period from 2017, the financial cost was 359 thousand 278.5 million pesos, while for this year amounted to 421 thousand 592.8 million, which meant an increase of 11.8 per cent to real annual rate.
January 2017 to September this year, the interest rate of the Bank of Mexico (Banxico) reference recorded an increase of 5.75 to 7.75 percent.
The financial cost of the federal Government was 9.5 per cent higher, while agencies and public enterprises was 18 per cent.
Also, the physical investment budget had growth between January and September 2018 of 4.9 per cent, compared with the same period of 2017.
“The SHCP reiterates its commitment to use the public debt in a responsible manner consistent with the objective of ensuring the achievement of the goal of fiscal consolidation and to preserve the stability of the Mexican economy in an adverse environment,” said the dependency.
Source: Lopez Doriga

Original source in Spanish