“We have been here several times at this conference accompanying the president, together with the teams of the Ministry of Energy, with Petróleos Mexicanos; one of the main pressures in the budget that we have faced in 2025 and 2026 is the rescue of Pemex, the payment of the debt of PEMEX,” said the Secretary of the Treasury, Édgar Amador Zamora, by participating in the Mañanera conference that heads the president of Mexico, Claudia Sheinbaum.
The official explained that the balance of Pemex’s debt increased in the administrations of Felipe Calderón and Peña Nieto. Of 43.3 billion dollars in 2008, at 105,000 million dollars in 2019.
It was a 130% increase in a decade, and that debt must be paid
Édgar Amador Zamora, Secretary of the Treasury.
Of the historical balance of Pemex’s debt, 46% of the maturities are in this administration, specifically 26% of the maturities are in 2025 and 2026. “This explains this important pressure that we have, the famous PEMEX budget line, and that is pressing us in the budgets, in the metrics,” said the head of the SHCP.
For the following year, Finance projects in the Economic package That the budget for Pemex will increase 17%, from 464,255 million pesos to 517,362 million. It is also expected that the historical balances of the public sector debt, which include Pemex’s debt, reach 20 billion pesos the highest balance that is recorded and twice what was reported in 2017.
Corrupt debt
(Mexico’s debt) would be very expensive (next year) because Pemex’s interests are very expensive for that damn corrupt debt of Calderón and Peña … So we will call him; The damn corrupt debt of Calderón and Peña in Pemex
Claudia Sheinbaum, president of Mexico.
Finance and Presidency figures detail that the maturities for this and the following year total 257 million dollars.
Before the indebtedness of the oil company, since the past government, by Andrés Manuel López Obrador, the federal government financially supports Pemex, through the SHCP. In 2023, the agency approved 145,000 million pesos to improve liquidity and debt amortizations.
Also the support of the Treasury was to reduce the fiscal burden of the company, the rate of law to shared utility went from 65% in 2019; to 58% in 2020; in 2021 to 54%; 40% in the years of 2022 and 2023, and finally closed at 30% by 2024.
For this six -year term, the Treasury presented the Comprehensive Capitalization and Financing Strategy of Pemex, which is part of the Strategic Plan for the Strengthening of Pemex 2025-2035, this has the goal of reducing the balance of the debt by 16.1% compared to the amount of the 2019 debt at the end of 2025, and -26% in 2030, also compared to the balance of 2019.
“This rescue that we are making of Pemex is to help the company in the maturities it has of the debt they hired in neoliberal periods, and that comes to demand budgetary resources at this situation, in this administration,” said Amador Zamora.
With information from Diana Gante.
