Macro Analysis /
Global

Mexico: Public finances – $396.8 billion deficit in the PSBR up to June

  • PSBRs posted a $396.8bn deficit up to June, equivalent to 1.5% of GDP. Primary balance stood at +$104.2bn (0.4% of GDP)

  • Revenues rose 7.3% y/y in real terms, as base effects benefitted oil. Spending rose 4.1%, with support to Pemex and CFE

  • HBPSBRs stood at $12.4tn (US$626.3 billion), equivalent to 47.9% of GDP

Juan Carlos Alderete Macal
Juan Carlos Alderete Macal

Director of Economic Research

Francisco Jose Flores Serrano
Francisco Jose Flores Serrano

Senior Economist, Mexico

Banorte
30 July 2021
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