Mexican president says political party funding should be cut by half

MEXICO CITY (Reuters) – Mexican President Andres Manuel Lopez Obrador said on Tuesday that Congress should reduce political party funding by at least half ahead of legislative elections next year as part of needed austerity measures.

In Mexico, political parties receive nearly all of their funding for their budgets from the public treasury.

(Reporting by David Alire Garcia; Editing by Chizu Nomiyama)