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Mexico Slashes Pemex Aid by 70% to $4.8 Billion in New Budget
Mexico's government aims to reduce its financial support for state-owned oil company Petroleos Mexicanos' (Pemex) debt payments to 81.1 billion pesos ($4.8 billion) in 2027. This represents a nearly 70% cut from the 263.5 billion pesos ($15.6 billion) budgeted for this year.
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