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Mexico City Reports 8% Revenue Gain in Q3 Fiscal Update to City Congress

Officials say stronger collections will fund infrastructure via new trusts without increasing reported debt.

Overview

  • Total revenue reached a preliminary MXN 252,326.7 million, up 8% year over year and 15.3% above the 2025 revenue plan, with local income rising 21.6% to MXN 117,357.6 million as federal transfers fell 2.4%.
  • Property tax collections grew 22.9% and payroll tax 33.3%, while a pronto pago drive benefited 2,565,864 taxpayers with MXN 2,971 million in discounts.
  • Budget execution advanced to 81.4%, with MXN 237,389.4 million spent plus committed and MXN 187,540.2 million exercised, mostly in programmable outlays.
  • Public debt showed an 8% temporary real reduction versus end-2024 to MXN 99,301.5 million, the city kept AAA ratings through October 2025, and real debt fell 7.9% cumulatively from 2018 to 2024.
  • To finance projects without raising reported debt, the government is using FIMAS, a reoriented FOMIX and a transport trust, backing resurfacing works of MXN 2,600 million, steps for three Cablebús lines, 17 new light trains, Trolebús Line 14, MXN 17 billion for six social programs serving 795,000 people, and more than 3,500 new security vehicles.