The governor of Oaxaca, Salomón Jara Cruz, has managed to reduce the state's public debt by 3.98% during his two years of administration, marking a milestone in state finances. This achievement was reached with a historic payment of 10,382 million pesos, without resorting to further borrowing, which contributes to strengthening the economy of the Oaxacan people.
In a press conference, the state leader detailed that the previous administration left a debt of 32,348 million pesos, divided between financial and federal institutions. Of this amount, 17,133 million corresponded to financial institutions and 15,215 million to federal institutions. Jara Cruz expressed his concern about the irresponsibility of previous governments in acquiring debts under the pretext of strategic projects and unfinished works.
The Ministry of Finance (Sefin) reported that of the total paid, 5,178 million pesos were allocated to financial institutions, covering principal repayments, interest, and debt expenses. The remaining 5,204 million went to federal institutions such as SAT, ISSSTE, and Fovissste. The balance of public debt as of December 31, 2024, was 27,642 million pesos, with 16,450 million owed to financial institutions and 11,192 million to federal institutions.
According to the head of Sefin, Farid Acevedo López, previous administrations left considerable debts, with the most recent being Alejandro Murat's amounting to 17,133 million pesos. With the current debt reduction, after three six-year terms, a decrease is observed for the first time under the Government of the Oaxacan Spring.
