The Mexican government plans to use money from a public income stabilization fund to help reduce the sizeable debt pile that state energy major Pemex has accumulated. Reuters reports , quoting the country’s deputy finance minister, that the fund is worth US$15.4 billion and the government plans to make it “counter cyclical.” “We’d like to design it as a counter cyclical fund, like the copper funds in Chile are designed, where the resources are used not when the government wants to, but when the economy makes them necessary… In times of abundance, you put money into these resources,” Arturo Herrera said, adding “As a second part of the fund, we’d like to use it to pay some of the debt obligations that Pemex has.” The state company has around US$16 billion in bond payments due by the end of 2020, but its total debt is over US$100 billion . […]