The Secretary of Finance and Public Credit, Rogelio Ramírez de la O, delivered the 2025 Economic Package to the Chamber of Deputies, which includes the Federal Revenue Law, Tax Miscellany, and the Expenditure Budget Project. In a statement, he highlighted that growth is projected to be between 2 and 3% for the year 2025, with estimated revenues of 8 trillion pesos. Tax revenues are expected to represent 14.6% of Gross Domestic Product, which would be a milestone in the modern history of the country.
The 2025 Economic Package proposes a budget deficit of 3.2% of GDP and a public debt equivalent to 51.4% of GDP. The projected deficit for 2025 is 3.9% of GDP in an expanded view. According to Ramírez de la O, maintaining the sustainability of public finances is essential for promoting economic development, as it contributes to macroeconomic stability, fosters investment, job creation, and facilitates the country's access to credit markets.
In an effort for fiscal consolidation, Claudia Sheinbaum, President of Mexico, mentioned that the 2025 Economic Package will seek to reduce the fiscal deficit, strengthen Petróleos Mexicanos (Pemex), and welfare programs. An increase in republican austerity is anticipated to boost the economy of the country and strengthen the Federal Electricity Commission (CFE).
Through the delivery of the 2025 Economic Package, social welfare programs will be guaranteed, public investments will be made, and necessary adjustments will be carried out to avoid tax waivers and evasion. Sheinbaum stated that the strengthening of Pemex will positively impact the overall economy of the country, along with the solid finances of the CFE.
