Macro Analysis /

Mexico: Budget Proposal 2022 – Realistic despite an optimistic GDP outlook

  • The government adjusted higher the GDP forecast for 2021 (6.3%) and 2022 (4.1%), in our view optimistic in the latter

  • Both revenues and spending were increased for 2022, with slightly higher deficits in both years but stable debt levels

  • We believe the government is still committed with healthy public finances and welcome measures to increase the tax base

Gabriel Casillas Olvera
Gabriel Casillas Olvera

Managing DirectorInvestor Relations Officer and Chief Economist

Francisco Jose Flores Serrano
Juan Carlos Alderete Macal
Alejandro Padilla Santana
9 September 2021
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