Despite the insurance to cover drops in oil prices, lower income from petroleum imports is already causing lower income for Mexico. Total less income in January marked 15,800 million pesos, just a bit over US$1 million dollars.
Because of these lower earnings, the Mexican government is planning to cut back in public programs for the year. According to the Center for Economic and Budget Investigation, the annual adjustment for the lower oil prices could reach 90 billion pesos.
According to Isaac Velasco, a financial analyst, there will be cuts in administrative operational expenses and in personnel.