With the approval of the 2026 Revenue Law in the Chamber of Deputies, Mexico will reach a new record for public debt: more than 20.3 trillion pesos, equivalent to 52.3% of the Gross Domestic Product (GDP). Individually, each inhabitant of the country will owe around 152,000 pesos, according to official estimates.
The ruling authorizes the federal government to contract domestic debt of up to 1.7 trillion pesos and external debt of a maximum of 15.5 billion dollars over the next year. With this, the so-called Public Sector Financial Requirements—which encompass the entire country’s debt—will reach unprecedented levels.
The president of the Finance Commission and Morena deputy, Carol Antonio Altamirano, defended the decision, asserting that the debt is “manageable” and that the country’s finances remain “healthy,” thanks to increased tax collection and less dependence on oil.
However, analysts and opponents warn that the increase in debt could put pressure on public finances in the coming years, especially due to rising interest rates and limited fiscal room for maneuver.
Meanwhile, the debt is growing… and Mexicans will continue to pay interest on a balance that, for the first time, exceeds 20 trillion pesos.
Source: redmichoacan
