Overview
- The proposed 2026 outlays total 10.2 trillion pesos, a real increase of 5.8% from the 2025 budget.
- SHCP projects 8.72 trillion pesos in revenue with 66.9% from taxes, supported by a Miscelánea Fiscal expected to add 136,994 million pesos through higher IEPS and import duties.
- Net borrowing is set at 4.1% of GDP for 2026 after a 4.3% estimate for 2025, pushing the historical debt ratio to 52.3% of GDP, which CIEP says leaves fiscal space near 1.7% of GDP.
- Social commitments expand as pensions reach 2.3 trillion pesos, or 23% of spending, with Pensión Mujeres Bienestar rising about 266–267%.
- Public investment climbs to roughly 1.25 trillion pesos with the largest shares directed to Pemex, new passenger trains including Tren Maya, and the CFE.