Macro Analysis /
Global

Mexico: Public finances – $544.1 billion deficit in the PSBR up to September

  • PSBRs posted a $544.1bn deficit up to Sep (US$26.8bn), equivalent to 2.1% of GDP. Primary balance stood at +$107.6bn

  • Revenues rose 5.6% y/y in real terms, with positive base effects. Spending up 5.6%, with support to Pemex and CFE

  • HBPSBRs stood at $12.6tn (US$622.5.0 billion), equivalent to 48.5% 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
1 November 2021
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