Particle.news

Download on the App Store

Mexico Details 2026 Budget Built on Enforcement and Tariff Changes as Pemex Debt Weighs

Stricter customs oversight and targeted import duties are presented as the route to higher revenue without raising VAT or income tax.

Overview

  • The Paquete Económico 2026 sent to Congress projects total spending of about 10.1 trillion pesos and tax revenues of roughly 8.721 trillion pesos, equal to 15.1% of GDP.
  • Hacienda proposed tariff adjustments across more than 1,400 lines for imports from countries without trade agreements, estimating about 70 billion pesos in extra revenue and framing the move within WTO rules.
  • A separate initiative to reform the Ley Aduanera would make customs brokers liable, require corroborating documentation, limit parcel fractioning, mandate electronic controls and video surveillance, and impose stiffer sanctions on recintos fiscales.
  • Spending shifts include a real increase of 87% for the Energy Ministry and 24% for the Digital Transformation Agency, while the Security and Citizen Protection Secretariat shows a 17.5% real cut, which the presidency says is offset when counting the Guardia Nacional under Defense.
  • Fiscal pressure persists from concentrated Pemex debt maturities in 2025–2026, while revenue measures also include a health levy adding about one peso to a 600 ml soft drink and the removal of banks’ deductibility of IPAB/Fobaproa fees, alongside an enforcement push tied to roughly 1,500 facturero cases.