September 27, 2017 / 8:27 PM / in 23 days

Mexico's Pena Nieto says disaster funds limited, need to rework budget

MEXICO CITY (Reuters) - Mexico’s President on Wednesday said that funds would need to be reassigned from other areas of the government towards reconstruction efforts next year after a series of earthquakes that damaged at least 150,000 homes.

FILE PHOTO: Mexico's President Enrique Pena Nieto waves beside Mexico's Defense Minister General Salvador Cienfuegos during a military parade celebrating Independence Day at Zocalo Square in downtown Mexico City, Mexico, September 16, 2017. REUTERS/Henry Romero

“Today, the reconstruction needs more resources, and this should be reflected in the presidential budget debate next year,” President Enrique Pena Nieto said in a news conference with ministers who gave a preliminary damage estimate of $2 billion.

The government presented its draft 2018 budget earlier this month, but that proposal will now probably have to be modified, he added.

Reporting by Sharay Angulo; Editing by Frank Jack Daniel

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