Macro Analysis /

Mexico: Public Finances – $104.4 billion deficit in the PSBRs up to May

  • PSBRs accumulated a $104.4bn deficit (~US$5.3bn) so far in 2022, with a $178.1bn primary surplus, higher than expected

  • Revenues grew 4.0% y/y in real terms, boosted by oil (+26.9%). Expenditures rose 0.5%, driven by non-programable outlays

  • The HBPSBR stood at $13.1tn (~US$666.2bn), with domestic debt representing 68.1% of the total outstanding

Francisco Jose Flores Serrano
Francisco Jose Flores Serrano

Senior Economist, Mexico

1 July 2022
Published byBanorte


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