Economy Politics Country 2025-11-06T19:08:27+00:00

Mexico Approves 2026 Budget

Mexico's Chamber of Deputies approved the 2026 budget of 10.2 trillion pesos. The project was approved after lengthy debates and reallocation of funds in favor of agriculture, education, and culture.


Mexico Approves 2026 Budget

The Chamber of Deputies of Mexico has approved the 2026 budget, amounting to 10.2 trillion pesos, a 6% increase from the previous year. The budget was approved after over 20 hours of debate, during which 1,733 reservations (proposals for change) were filed and 280 speakers took the floor. The vote passed with 355 votes from the ruling majority and 132 from the opposition (PAN, PRI, MC). Following the vote, the budget bill was sent to the federal executive for publication in the Official Gazette of the Federation. The approved budget does not modify the original amount proposed by the Ministry of Finance and Public Credit (SHCP) but does include reassignments of 17.788 billion pesos. Amid demands from corn producers, these reassignments include greater support for the agricultural sector, with 641 million redirected to the Ministry of Agriculture and Rural Development for sustainable rural infrastructure. The new agricultural support led to larger cuts for the Judicial Power by 15.805 billion pesos, as well as 1 billion for the National Electoral Institute (INE) and 260 million for the Electoral Tribunal of the Federal Judicial Power. The reassignments also include 10.842 billion for public education, directed to subsidies for state decentralized bodies, upper secondary education, support for educational centers and organizations, and the National Polytechnic Institute. Ricardo Monreal rejected that the 2026 budget contemplates salary increases for deputies. Additionally, 2.5 billion will go to Science, Humanities, and Technology for a science, technology, and innovation strategy. One billion 985 million will be allocated to culture, for the National Institute of Anthropology and History, the National Institute of Fine Arts and Literature, and the Mexican Institute of Cinematography. Another 1.5 billion will go to the environment for the National Commission of Natural Protected Areas (CONANP). Ricardo Monreal argued that the budget "is very well-crafted and professionally elaborated".