Macro Analysis /
Global

Mexico: Public finances – $560.9 billion deficit in the PSBR up to October

  • PSBRs posted a $560.9bn deficit up to October (US$27.8bn). The primary balance stood at +$107.6bn (US$7.0bn)

  • Revenues rose 5.1% y/y in real terms, with oil trending higher. Spending up 5.0%, with support to Pemex and CFE

  • HBPSBRs stood at $12.6tn (US$625.2 billion), with 66.3% corresponding to local currency denominated debt

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 December 2021
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