In March, PSBRs posted a $180.8bn deficit, with an $83.0 billion deficit in the traditional public balance
Revenues rose 2.8% y/y in real terms, with base effects benefiting oil. Spending rose 7.9% with support to Pemex
HBPSBRs stood at $12.4tn (US$602.9 billion), equivalent to 49.2% of GDP
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