Mexico: Public Finances – $266.5 billion deficit in the PSBRs in 1H22

  • PSBRs accumulated a $266.5bn deficit (~0.9% of GDP; ~US$13.3bn) in the first half of the year

  • Revenues increased 4.9% y/y in real terms, boosted by the oil sector, with spending up 2.1%, noting Pemex and IMSS

  • With this, the HBPSBR stood at $13.2 trillion, equivalent to 45.7% of GDP
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