Macro Analysis /

Mexico: Public finances – $451.6 billion deficit in the PSBR up to August

  • PSBRs posted a $451.6bn deficit up to August, equivalent to US$22.3bn. Primary balance stood at +$176.1bn (US$7.4bn)

  • Revenues rose 5.5% y/y in real terms, with positive base effects. Spending up 4.5%, with support to Pemex and CFE

  • HBPSBRs stood at $12.6tn (US$621.0 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

1 October 2021
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