Macro Analysis /
Global

Mexico: Public finances – $434.3 billion deficit in the PSBR up to July

  • PSBRs posted a $434.3bn deficit up to July, equivalent to US$21.8bn. Primary balance stood at +$132.9bn (US$6.7bn)

  • Revenues rose 8.2% y/y in real terms, with positive base effects. Spending up 2.1%, with support to Pemex and CFE

  • HBPSBRs stood at $12.5tn (US$626.4 billion), with 65.2% denominated in local currency

Juan Carlos Alderete Macal
Juan Carlos Alderete Macal

Director of Economic Research

Francisco Jose Flores Serrano
Francisco Jose Flores Serrano

Senior Economist, Mexico

Banorte
31 August 2021
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