Overview
- Public sector borrowing needs (RFSP) reached 1.168 trillion pesos in January–November, a 19% year‑over‑year decline that stayed within congressional limits.
- Budget revenues totaled 7.4704 trillion pesos, up 5.9% year over year, but growth was only 2.3% when excluding September’s Pemex debt issuance and bond buyback.
- Petroleum receipts were 1.0711 trillion pesos with the supports, versus 817.3 billion pesos without them, which reflects an 11.6% annual drop excluding the one‑offs.
- Spending came to 8.4621 trillion pesos, a 2.5% annual rise that turns into a 0.6% decline without the Pemex operations, with a 218.6 billion‑peso underspend concentrated in programmable items and transfers to states and municipalities.
- Debt costs rose 11.2% to 1.0717 trillion pesos but ran 54.8 billion pesos below plan after liability management, while broad public debt stood at 51.7% of GDP at end‑November with an official year‑end projection near 52.3%.