Mexico's public finances showed strong performance in the latest quarter. Non-tax revenues advanced 16.2%, exceeding the target by 41 billion pesos. Public spending reached 7.033 trillion pesos, a 1% increase from the previous year. Transfers to states grew by 4.1%, surpassing the scheduled amount by 30 billion pesos. The budget deficit was 149 billion pesos lower than projected, and the primary surplus exceeded the annual target. "These results confirm our commitment to fiscal discipline," stated Finance Minister Edgar Amador during the press conference. The government highlighted that despite supporting Pemex, public investment remained robust at 569 billion pesos, staying above the average of previous administrations. Mexico also managed its debt effectively, prepaying external bonds and reducing financial costs by 49 billion pesos. This positive outcome was driven by stronger tax collection, achieved by expanding the tax base, combating tax evasion, and reinforcing customs oversight. As a result, federal government revenues increased by 9.2% in real terms year-on-year, the highest growth for a similar period since 2016.
