Public income in May falls 8.3% dragged by oil • Economics and finance • Forbes Mexico

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Public sector budget revenues fell 8.3% in real terms compared to the same month last year, dragged by a 54.9% drop in oil -based information, according to information published by the Treasury on Monday.

The total income last month represented an amount of 575,723 million pesos, and inside the oil tankers added only 59,934 MDP.

Non -oil income grew 4.2% to 515,789 MDP, and within tax revenues they advanced 3% to 391,646 MDP.

In the accumulated between January and May, the total income increased 3.7% to 3.47 billion pesos, which meant 64,474.7 MDP less compared to the provisions of the Treasury for the period.

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Oil revenues to May fell 23.8%, while non -oil income increased 8.4%.

Within non -oil income, the tributaries increased 8.9%, the greatest increase for the same period since 2016, said Treasury in a statement on public finances to May.

The net expenditure in May fell 11.5% to 721,585.5 MDP, inside the programmed 16.8% and the non -programmable increased 7.5%.

In the accumulated of the first five months of the year, net expenditure fell 5.3% to 3.7 BDP, that is, 224,387.7 MDP less with respect to what is scheduled by the Treasury.

Inside, the programmable expenditure decreased 9.6% to 2.6 BDP, while the non -programmable increased 6.6% to 1.1 BDP.

Within the non -programmable expenditure, the financial cost grew 13.1% to 460,550.3 million pesos, which the Treasury awarded “local and global restrictive financial conditions”.

However, the agency stressed that the cost was 21,000 MDP below the budgeted for the period, “thanks to financial management operations that generated savings and improved the expiration profile of the federal government debt.”

At the end of May, the historical balance of the financial requirements of the public sector, considered the broader measure of the debt, was promoted to 17.67 BDP, equivalent to 49.2% of GDP, less than 51.3% registered at the end of 2024.

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