Last Update: 05/07/2021
The Federal Government, through the Ministry of Finance (SHCP), actively works on defining and implementing fiscal policies focused on achieving a balance between government spending and revenue programs.
As a result of this fiscal policy and as a result of making the collection systems more efficient, the taxpayer base has been expanded, Mexico has consistently increased its tax revenue, while reducing its dependence on oil revenues during the last years. For 2021, it is estimated to have a primary surplus of the GDP
As part of the Fiscal Policy, public resources have been directed towards achieving results, with the aim of having a greater impact on people’s well-being and an efficient public expenditure through responsible and prudent management of public finances.
Mexico has a solid and sensible administration of its public debt based on risk diversification and sustainability. As a percentage of GDP, this debt is lower than that of countries like Japan, Brazil, Germany and the United States.