The state government expects to improve the traffic light of the Financial Discipline Law, total debt to Free Discretionary Income (FDI), to 92.2 percent this year. However, analysts indicate that to achieve this goal, the entity must increase its own revenues, as an increase of eight billion pesos in its debt is anticipated.
In the fourth quarter of last year, the financial traffic light deteriorated compared to the same period in 2023, moving from 87.5 percent to 95.3 percent. Although there was a slight improvement compared to the previous quarter, which was at 92.7 percent.
Carlos Garza, state finance secretary, explained that this deterioration was due to the lack of an authorized budget by Congress, which forced the Executive to adjust to a budget similar to the previous year and resort to the contracting of more short-term debt. However, it is expected that in 2025, with an approved budget, government debt will be reduced to 92.2 percent of the FDI.
In the words of Néstor Sánchez, debt analyst, the achievement of this goal will depend on the increase in own revenues, which have experienced significant growth in recent years. He highlighted that tax collection and other concepts have contributed to surpassing 30 billion pesos in own revenues, a considerable figure.
Despite these advances, Sánchez mentioned that the increase in indebtedness has negatively affected the financial indicators of Nuevo León. Debt in the last quarter stood at 72,768.3 million pesos, higher than that recorded in the same period the previous year. The analyst pointed out that the differences between the Government and the state Congress, which has not authorized a budget in the last two years, led to contracting short-term debt to finance projects, which affected the increase in debt levels.
