Mexico’s fiscal deficit closed the last quarter of 2025 at 4.3% of GDP, in line with the official estimate, according to data from the Ministry of Finance.
Initially, the Government had forecast a fiscal deficit of 3.9% of GDP for last year, however it adjusted the goal upwards. In 2024, it closed at 5.8%, according to figures published by the Treasury in its quarterly report on public finances.
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The broad debt stood at 52.6% of GDP at the end of 2025 compared to 52% at the end of the previous year.
The Treasury reported that Pemex’s budget debt was reduced by $10.2 billion at the end of 2025. The company carried out several liability management operations to reduce it from about $100 billion.
With information from Reuters
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