Published on Wednesday, November 10, 2021

Mexico | More revenue favors the public balance

In September the historic balance of public sector borrowing requirements (HBPSBR) was 48.4% vs. 52.4% of GDP in December 2020. Among other reasons, the GDP growth forecast for 2021 significantly contributed to the reduction in the HBPSBR between December 2020 and September 2021.

Key points

  • Key points:
  • During the January-September period the primary balance was MXN 107,601 million, a figure that compares favorably to the target of MXN -107,285 million for such balance in 2021
  • The better performance of non-tax revenue made it possible for total revenue to be above budget during the January-September period
  • Public revenue and public spending showed a real annual increase of 5.6% in the January-September period

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