The lowest public money is related to a missing, between the scheduled and the observed, of 215,683 million pesos for oil revenues, an amount that was not entirely compensated by the tax revenues that were 88,165 million more to the programmed, according to information from the Ministry of Finance and Public Credit (SHCP) in its report of the debt and the public finances of July.
Although the price of oil was maintained above the expected, the lower oil production and export threw raw income. According to the Treasury, 741.930 million pesos were expected for this income, but 526,247 million were reported.
Meanwhile, tax revenues were above their goal when they reached 3,278 billion pesos, when 3,190 billion were expected. According to the Treasury, the increase was due to a greater tax collection, in a context of greater customs surveillance, more strict foreign trade rules and a Mexican economy that continues to show resilience.
Inside, income from Income Tax (ISR) grew by 7.1% real annual and exceeded 48,000 million pesos the calendarized goal, in a context of salary increases and greater formal employment, Treasury explained in a statement.
On the other hand, the collection for the Value Added Tax (VAT) increased 8.3% annual real, located 54,000 million pesos above the program, favored by the resilience of domestic consumption and a more competitive exchange rate compared to the same period of 2024.
Hacienda stressed that the income associated with the import item grew 29.5% annual real, the highest rate registered since information is available.
“This result reflected the effect of the modernization of the tariff scheme applicable to countries with which Mexico has no current commercial treaty, as well as the new fiscal treatment to products under the threshold De Minimis, ”said the agency.
Finally, the collection for non -tax revenues of the federal government exceeded 48,000 million pesos the scheduled amount and registered a growth of 20.4%real annual, driven by higher income from rights (10.4%), products (16.0%) and uses (27.9%).
