MEXICO CITY—Mexico’s new President Andrés Manuel López Obrador unveiled Saturday a budget proposal for 2019 that calls for a moderate increase in spending without raising taxes or the country’s debt. The budget plan submitted to Congress aims for a primary surplus equal to 1% of gross domestic product, meaning that the government would spend less than it collects next year, before the payment of debt. Government...

Source: Wall Street Journal December 16, 2018 01:07 UTC