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Sheinbaum Confirms Remittance Slump From U.S. as Mexico Opens Review

Officials point to tighter U.S. immigration enforcement as the main factor.

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Overview

  • Official figures show remittances fell 16% from June to July and are down about 5% so far in 2025, roughly back to 2022 levels.
  • The federal government is working with Banco de México to pinpoint causes, noting repatriations are not high compared with previous periods.
  • Sheinbaum said the decline has not produced a drastic macroeconomic impact and emphasized stable public finances.
  • Authorities are promoting the Finabien card to facilitate low‑documentation, mail‑delivered electronic transfers valid in both countries that are not taxed.
  • Hacienda is preparing the 2026 economic package for presentation by September 8, and the administration says it will not raise taxes next year.