0
Because its sales represent a large portion of Mexico's federal budget income (US$50 billion or almost 21% of the federal budget revenues for 2010). Without such income, Mexico's government would have a much diminished role, lacking resources for social programs or infrastructure.
Wiki User
∙ 12y ago
Wiki User
∙ 7y agoOil is no longer important to Mexico's economy: its production peaked around 2005, and it has remained at low prices for several years now.
It however, is still important for the Mexican government, as it is one if its main sources of income. Nowadays (2015) oil exports represent 18.64% of the federal budget.
Add your answer:
Earn +20 pts
Why does Venezuela have so much oil?
Oil is important to Venezuela, because it is most of Venezuela's economy.
Why is oil a natural resources important to countries of North America's economy?
so that people have enough for their cars or mobiles.
Why is business so important to a country's economy?
Why is business so important to a country's economy?Volcanoes can change the economy positively or negatively.The positive way is that a cone volcano.
How was the economy of Mexico affected when the price of oil went down?
They did not have enough oil for their lawnmowers so the economy went way down.
Why was the creation of a national bank important to the U.S. economy?
Why was the creation of a national bank so important to the U.S economy?
How did the presence of oil in the region change the regions importance in the global economy?
The presence of these large reserve has made the region important because so many other countries, including the United States, depend on oil.
How did the presence of oil in the region change the regions importance in global economy?
The presence of these large reserve has made the region important because so many other countries, including the United States, depend on oil.
Why are US citizens so important?
US citizens are very important. They form the economy of the country.
Why was oil so important to nigeria in the 1950's?
Oil is important to Nigeria's economy because it is 90% of Nigeria's income. The money made from selling oil to other countries helps to build highways, schools and factories. Falling oil prices around the world caused Nigeria's income to drop. Also, years of low rainfall caused food production rate to drop.
What do research laboratories use as model crude oil?
It is probably the worlds NUMBER 1 commodity. It is so important to the world economy and chemical industry that it is a natural favorite to use as a model in a laboratory.
Why is oil so important to Middle Eastern countries?
Oil is important to Israel as it important to any other country. But Israel is a pioneer in green and alternative oil replacement.
Why was agricultureally so important to the economy of the southern colonies?
many of their crops were successful , and also their economy started to do well too.
