Nov. 16 (Bloomberg) -- Mexico’s Congress failed to approve the 2010 budget’s spending plan yesterday as scheduled after legislators disagreed on agriculture outlays, a lawmaker said.

The budget committee in the lower house of Congress will meet to approve the spending bill and the full house is expected to vote on it today, said Luis Videgaray, a legislator from the Institutional Revolutionary Party and the head of the house budget committee.

The Congress by law must approve the spending portion of the budget on Nov. 15. The lower house of Congress, the only legislative branch that needs to approve the spending budget, extended an earlier session until today to comply with the law.

The lower house and Senate already approved the revenue portion of the budget earlier this month.

To contact the reporter on this story: Adriana Lopez Caraveo in Mexico City at adrianalopez@bloomberg.net; Thomas Black in Monterrey at tblack@bloomberg.net

Last Updated: November 16, 2009 01:00 EST