The appropriate and updated figures at the end of 2024 of the Treasury report that 5.7% of GDP is the highest amount recorded since 2008, while the second and third were recorded in 2014 and 2022, with 4.4% of GDP and 4.3 % of GDP, respectively.
The percentage of the GDP recorded at the end of 2024 is up to 2.5 percentage points more than what the Treasury projected in April 2023, when it delivered the economic precriterities by 2024, which was 3.2% of GDP.
Later in September 2023, the Treasury projected that the RFSP would go from 5.4% of GDP in 2024 to 2.7% of GDP in 2025. The most current perspective, in economic criteria 2025, and presented at the end of 2024 estimates that at the end last year this indicator would reach 5.9% of GDP, to lower 3.9% of GDP by 2025.
Public Finance Specialists attributed the growth of this deficit to a lower dynamism in the collection of oil revenues, in addition to a greater budget exercised, going to debt, to culminate the emblem works of the federal administration last in 2024, in charge by Andrés Manuel López Obrador.
The Undersecretary of Finance and Public Credit, Edgar Amador Zamora explained that the elasticity between the growth of the economy is one of the most important variables in the collection of tax revenues, so they are very aware “to the risks of the economy that the economy be substantially different from that projected in budget planning. “
“We do not see that what is happening in the agricultural sector, will be extended to other sectors of the economy, of course there is short -term uncertainty, we are sure that as long as commercial rules are defined, secondary laws are published (secondary laws ( From the electricity sector) in the short term, uncertainty decreases, we can recover the growth path. And of course that one of the most important variables for fiscal objectives is the passage and cadence of the economy, we trust that it is a temporary effect, ”he added.
He stressed that before a failure failure, there is the strategy of building financial shock absorbers to cover an eventual missing income, such as FEIP funds for the stabilization of federal income, and the Feief focused on the stabilization of the income of the income of the federative entities.
