Overview

• Presented to the Chamber of Deputies, the package totals 10.1 trillion pesos with major outlays for health (about 966 billion), education (1.1 trillion), public investment (1.3 trillion) and welfare (about 987 billion).
• Tax revenues are projected at 8.721 trillion pesos (15.1% of GDP) without raising IVA or ISR, relying on tougher anti‑evasion efforts, a customs law overhaul and ending banks’ deductibility of IPAB/Fobaproa fees.
• Hacienda proposes changes to more than 1,400 tariff lines under Plan México to bolster domestic industry, which it estimates will add roughly 70 billion pesos in revenue.
• The package adds targeted levies: a higher IEPS on sugary drinks (about 3.0818 pesos per liter from January 2026), steeper tobacco taxes and an 8% tax on video games classified as violent, framed primarily as health and security measures.
• Allocations shift sharply, with Energy up about 87% to roughly 267.4 billion pesos and the Security Ministry down about 17.5% to 60.1 billion pesos as the Guardia Nacional moves to Defense; the government extends support to Pemex through 2026–2027 with stabilization targeted for 2027, while economists warn wider deficits and optimistic assumptions could keep debt near the low‑50s percent of GDP.