Mexico finance minister says Pemex budget cuts coming soon

lunes 8 de febrero de 2016 12:03 GYT

MEXICO CITY Feb 8 (Reuters) - Mexico's state run oil company Pemex's board of directors is working on budget cuts for this year due to the slump in oil prices and the federal government needs to prepare for lower spending in 2017, Finance Minister Luis Videgaray said on Monday.

Videgaray told local radio that Pemex's board would announce budget cuts in the coming days.

(Reporting by Ana Martinez)