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2h ago

Sheinbaum Marks First Year With Rally, 70% Approval, Says 'Good' U.S. Trade Deal Is Within Reach

Analysts warn fiscal strains threaten the durability of her welfare-centered agenda.

People gather at Zocalo Square to attend an event marking Mexico's President Claudia Sheinbaum's first year in office, in Mexico City, Mexico, October 5, 2025. REUTERS/Henry Romero
People gather at Zocalo Square to attend an event marking Mexico's President Claudia Sheinbaum's first year in office, in Mexico City, Mexico, October 5, 2025. REUTERS/Henry Romero
Mexico's President Claudia Sheinbaum greets supporters, as she arrives to deliver a speech marking her first year in office, reporting on government actions included in her first State of the Union address, to supporters and government officials at Zocalo Square, in Mexico City, Mexico, October 5, 2025. REUTERS/Henry Romero
Mexico's President Claudia Sheinbaum poses for a selfie with a supporter, as she arrives to deliver a speech marking her first year in office, reporting on government actions included in her first State of the Union address, to supporters and government officials at Zocalo Square, in Mexico City, Mexico, October 5, 2025. REUTERS/Henry Romero

Overview

  • Thousands packed Mexico City’s Zócalo as Claudia Sheinbaum highlighted social benefits she calls the most ambitious in Mexico’s history, reaching roughly 21 million people.
  • Government outlays for pensions, scholarships and cash transfers totaled about $54.3 billion in 2025, or 12% of the budget, with similar spending planned for 2026.
  • Three polls published this week put her approval above 70%, crediting welfare programs even as polls show weaker marks on security and economic stewardship.
  • Sheinbaum told supporters a favorable U.S.-Mexico-Canada trade arrangement is achievable ahead of next year’s review, a priority as more than 80% of Mexico’s exports go to the United States.
  • Mexico faces 0.5% GDP growth this year and a wider fiscal deficit tied to social spending and higher debt costs, with remittances falling for a fifth straight month in August; public concern over corruption is rising, with 73% giving the government poor marks on the issue.