Macro Analysis /

Mexico: Public Finances – $304.3 billion deficit in the PSBRs until July

  • Until July, the PSBRs accumulated a $304.3bn deficit (~US$14.8bn), with a 229.0bn primary surplus

  • Expenditures grew 3.4% y/y in real terms. Revenues rose 5.3%, with +15.3% in income tax and +4.0% in VAT

  • The HBPSBR stood at $13.4tn (~US$652.1bn), with 67.5% corresponding to domestic debt

Francisco Jose Flores Serrano
Francisco Jose Flores Serrano

Senior Economist, Mexico

31 August 2022
Published byBanorte


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