UPDATE 1-Mexico budget shows growth rising to 3.7 pct in 2015

viernes 5 de septiembre de 2014 19:05 GYT

(Adds oil price forecast, details on economic reforms)

By Alexandra Alper and Noe Torres

MEXICO CITY, Sept 5 (Reuters) - Mexico's finance ministry forecasts growth of 3.7 percent next year, above the 2.7 percent growth rate predicted for 2014, according to a budget plan submitted on Friday.

The 2015 budget also stuck to a prior deficit goal of 1.0 percent of gross domestic product, narrowing from this year's expected 1.5 percent deficit, according to the budget publication.

President Enrique Pena Nieto has pushed a raft of landmark reforms through congress this year aimed at boosting growth, but the economy wobbled early in 2014 as a harsh U.S. winter hammered American demand for Mexican factory exports and a tax hike dragged on consumer spending.

Data last month showed second-quarter growth beat expectations thanks to a pick up in industrial activity and domestic demand.

Speaking to congress on Friday, Finance Minister Luis Videgaray forecast inflation of 3 percent next year and a peso exchange rate at 13 per dollar - in line with current levels.

Inflation strayed above the central bank's 4 percent tolerance ceiling in July and the first half of August, but policymakers expect the uptick to be temporary.

The budget also expects oil prices at $82 per barrel in 2015, it added.   Continuación...