Mexico’s Congress has reportedly given its approval for a budget of MXN2 billion (USD155 million) to the country’s new telecoms regulator, the Instituto Federal de Telecomunicaciones (Ifetel) for 2014. According to BNamericas, which cites local press reports, the funding is some MXN1 billion lower than the watchdog had hoped for, with Ifetel head Gabriel Contreras having said last month that the newly-formed body would ideally need approximately MXN3 billion. By comparison, the former Mexican telecoms regulator Comision Federal de Telecomunicaciones (Cofetel) received just MXN658 million in 2013, with the significant increase in the budget for Ifetel understood to have been related to the latter’s additional responsibilities and workload. Former Cofetel board member Alexis Milo was said to have welcomed the news, claiming that the former regulator’s limited funding had hindered its ability to carry out all of its duties. ‘There were areas that Cofetel left pending like the analysis of the better use of spectrum, which could not be carried out due to a lack of resources,’ Milo noted.