Mexico City (EFE) .- The Net Public Debt of Mexico reached 49.9% of GDP in the first quarter, above 46.7% of the same period last year, but less than 51.8% of the end of 2024, Treasury revealed Wednesday.
In the ‘reports on the economic situation, public finances and public debt to the first quarter of 2025’, the agency registered a total net debt of 17.92 billion pesos in the first three months of the year.
These figures represent a real increase of 12% compared to 15.43 BDP that the Treasury reported in March 2024.
The Secretariat defended that “the public debt remained at a sustainable level” and that “during the quarter, financing operations were carried out with a historical demand for investors, strengthening the country’s credit profile and reaffirming the confidence of the markets.”
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The report also evidenced a 11% annual increase in the total budget income, which amounted to more than 2.21 BDP.
According to the government, the progress occurred by an increase of 14.9% in non -oil income, which included a 17.8% increase in tax collection, and despite a 13.8% setback in oil entries.
On the other hand, the net budget expenditure contracted 5.9% compared to the first quarter of 2024, up to 2.44 BDP.
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The figures were published shortly after the timely estimation of GDP in the first quarter, which advanced 0.2% with respect to the previous period and 0.6% at an annual rate, according to de -stationalized figures of the
INEGI.
These data are against the technical recession forecasts (two thread quarters with falls) after the tariff war raised by the United States. In the fourth quarter of 2024 the Mexican economy contracted 0.6%.
“Mexico faced this scenario with solid macroeconomic bases, which allowed to preserve stability, despite some signs of moderation in economic activity,” said Treasury.
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