Mexico

Mexico: Public Finances – $54.5 billion deficit in the PSBR up to April

  • Year-to-date, the PSBRs accumulated a $54.5bn deficit (~US$2.7bn), with a 182.8bn primary surplus

  • Expenditures rose 0.2% y/y in real terms. Revenues grew 5.9%, with +17.7% in income taxes, while excise taxes fell 45.8%

  • The HBPSBR stood at $13.1tn (~US$641.2bn), with domestic debt representing 67.0% of the total outstanding

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Francisco Jose Flores Serrano @ Banorte
May 31st, 2022
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