According to the Treasury, in a statement, “thanks to the active management of liabilities, the financial cost was 52,000 million pesos lower than expected, although it increased 7.9% in real terms annually due to still restrictive financial conditions.”
The amount of the cost of the debt was higher than the money that the public sector allocated to investment in public infrastructure, which reported 634,186 million pesos, which represented a decrease of 29% compared to January-October of last year.
“Physical investment amounted to 634 billion pesos. Although it was lower than in 2024, due to a high base, it exceeded the average of the first year of government of the four previous administrations by 6.5% in real terms, reflecting the continuity in the productive infrastructure policy,” highlighted the agency in charge of Édgar Amador Zamora.
What is Mexico’s total debt?
This expense, which is scheduled to be paid each year, corresponds to the payment of interest for financing that totals 18,052 billion pesos reported in the Historical Balance of Financial Requirements of the Public Sector (SHRFSP).
According to the Treasury, “the federal government’s net debt remained mostly in national currency and at a long-term fixed rate, optimizing its maturity profile. The SHRFSP stood at 51.1% of GDP, lower than the 52% at the end of 2024, reflecting the adjustments to the historical GDP series in 2024 by INEGI.”
Meanwhile, the debt issued so far this year totaled 919,000 million pesos, falling within the ceilings approved by Congress.
The Treasury highlighted that the fiscal balances presented better results for the program. The budget deficit was 206 billion pesos lower than expected, while the primary budget surplus reached 240 billion pesos, exceeding annual goals.
