The Federal Government, through the Ministry of Finance (SHCP), actively works on defining and implementing fiscal policies to reach equilibrium between government’s revenue and expenditure.
Given the above, it aimed to extend the taxpayers base and to make tax collecting systems more efficient, Mexico has consistently increased its tax revenue, while reducing its dependence on oil revenues during the last years. For 2019, it is proposed to have a primary surplus of 1% of the GDP
As for expenditure, it had been working to channel public resources towards activities that ensure 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.