Overview

• Finance Secretary Édgar Amador Zamora told senators the public debt is estimated at 52.3% of GDP at end‑2025 and argued fiscal policy targets social goals rather than shareholder-style profits.
• Customs receipts are projected to reach 1.392 trillion pesos this year with a 22% real increase, which the government attributes to crackdowns on smuggling and corruption.
• Hacienda detailed three steps to ease Pemex’s burdens: precapitalized notes to clear short‑term debt, bond swaps and prepayments, and up to 250 billion pesos in development‑bank financing to pay suppliers.
• Zamora said Mexico is not in recession and projected 2026 GDP growth between 1.8% and 2.8%, with a point estimate of 2.3%.
• In a separate briefing to deputies, officials outlined a proposed 2026 deficit of 4.1% of GDP with debt at 52.3%, highlighted record tax collection without new taxes, and proposed IEPS updates alongside tougher anti-evasion measures.