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PRI Unveils 2026 Alternative Budget With No New Taxes or Debt

The plan rejects new levies or borrowing, proposing shifts from flagship projects to social services.

Overview

  • Parliamentary coordinators Rubén Moreira and Manuel Añorve, alongside Alejandro Moreno and Carolina Viggiano, presented the blueprint during SHCP secretary Édgar Amador Zamora’s appearance in Congress.
  • The proposal reallocates about 250 billion pesos by cutting spending on Dos Bocas, the Tren Maya, the AIFA and Mexicana de Aviación to reinforce health, education, security, mobility, rural programs and support for women.
  • Fiscal measures expand personal deductions to medicines, school tuition and mortgage interest, keep electricity tariffs unchanged, and remove taxes on processed pet food, internet, mobile service and digital education platforms.
  • PRI leaders challenge the Paquete Económico’s assumptions, citing a likely 4.1% deficit, cautioning that 1.8% growth is optimistic versus an estimated 1.1%, and questioning the peso at 18.9 per dollar and oil at 54.9 dollars per barrel.
  • The document restores canceled programs and prioritizes transparency and legal certainty to attract private investment in Pemex and the CFE, with party figures conceding the ruling majority is unlikely to accept it.