Macro Analysis /
GlobalMexico: 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
