The 2025 economic package forecasts growth for the Mexican economy between 2 and 3 percent, as well as a fiscal deficit of 3.2 percent of GDP, reported the Secretary of Finance, Rogelio Ramírez de la O. A projected deficit for 2025 of 3.9 percent of the Expanded Gross Domestic Product is anticipated, while the budget deficit, in which the central authority has full control over income and expenses, stands at 3.2 percent.
When presenting the Executive's proposal for the Budget of Expenditures for the upcoming year to deputies, Ramírez de la O explained that a budget deficit of 3.2 percent of GDP is expected. According to the General Criteria for Economic Policy 2025, inflation is expected to close at 3.5 percent and the interest rate at 8 percent, with an average oil price of 57.8 dollars per barrel.
"We estimate that this year's growth will exceed current expectations and serve as a solid basis for growth in 2025," highlighted the Secretary. An income of 8 trillion pesos is projected in the initiative of the Federation Revenue Law, with tax collection as the main source of resources, reaching 5.3 trillion pesos.
Regarding fiscal revenues, a figure of 1 trillion pesos lower than that of 2024 is expected. Tax revenues will represent an increase of 2.6 percent compared to the previous year and will reach 14.6 percent of GDP. Emphasis is placed on collection efforts without the creation of new taxes.
In terms of expenditure, Ramírez de la O pointed out that this package marks the beginning of a new government with a vision of economic growth and social justice. Social programs that influence the well-being of citizens, such as the Welfare Women Pension, which will benefit 1.2 million women between 63 and 64 years old, will continue to be prioritized, with plans to expand to those aged 60.
In relation to public debt, it is estimated to reach 51.4 percent of GDP in 2025, an increase of 1.1 percentage points from September of this year. The effort to maintain it at a sustainable level to support financial stability in the medium and long term is highlighted, thus fulfilling the vision of maintaining solid public finances.
