Import income grow 24.5% after changes in rates • Economics and Finance • Forbes Mexico

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In the first eight months of the year, the public income associated with imports grew 24.5% annual real to 111,082 million pesos, according to the Treasury data.

The agency attributed that increase to the recent changes in the tariff scheme for countries without commercial agreement with Mexico, to greater surveillance in customs and the new fiscal treatment for products under the threshold minimis, that is, the minimum value of goods that can enter a country without being subject to tariffs.

The amount observed was superior for 13,211 MDP regarding what is scheduled for the period, said Tuesday in his report on public finances as of August.

Total public sector revenues grew 2.6% to 5 billion 379,968 MDP, although they stayed below the provisions of 117,988 MDP. Inside, oil revenues fell 15.8% to 598,641 MDP.

Meanwhile, tax revenues grew 6.5% to 3 billion 695,265 MDP.

On the other hand, the total expenditure dropped 3.6% to 5 billion 961,107 MDP, “in line with the fiscal sustainability criteria approved for the year.”

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The Treasury added that in its comparison with the calendar, the expense observed an advance of 94.9%.

The financial cost increased 9.3% “in a context of still restrictive financial conditions.”

The budget deficit was 581,138 MDP, less than 785,123 million pesos for the period.

And the historical balance of the financial requirements of the public sector, considered the broader measure of the debt, stood at 49.5% of GDP, less than 51.3% at the end of 2024, while the net debt of the federal public sector was 50.2% of GDP.

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