Macro Analysis /

Mexico: Budget Proposal 2023 – A rosy scenario focused on social programs

  • The MoF expects GDP growth in 2023 at 3.0%, with higher inflation, interest rates and oil production

  • Revenues for 2023 would rise 0.8% y/y in real terms, while spending is expected to climb 3.4% y/y

  • The PSBR would reach -4.1% of GDP by YE23 (previous: -3.3%), with HBPSBR at 49.4% (previous: 49.6%) in the same period

Alejandro Padilla Santana
Alejandro Padilla Santana

Executive Director of Economic Research and Financial Markets Strategy

Francisco Jose Flores Serrano
Juan Carlos Alderete Macal
9 September 2022
Published byBanorte


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