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Government budget and revenue in Veracruz, Mexico: official figures

The municipal government of Veracruz took in MXN 3.8 billion in 2024, about MXN 6,232 per resident counted in 2020, 33rd highest of 105 municipal governments among these cities; in 2021 the figure was MXN 2.7 billion (current pesos).

Government revenue (municipal government)
MXN 3.8 billion
2024

How much tax does Veracruz collect?

Taxes collected locally brought the municipal government of Veracruz MXN 465.53 million in 2024, 12.3% of its revenue, 50th highest of 105 municipal governments among these cities; fees and charges (derechos) added MXN 198.54 million.

Source: Instituto Nacional de Estadística y Geografía (INEGI) · saved copy

How much federal money does Veracruz receive?

Federal revenue-sharing (participaciones) gave the municipal government of Veracruz MXN 1.5 billion in 2024 and earmarked federal and state contributions (aportaciones) MXN 1.3 billion, together 71.8% of its revenue, 46th highest of 105 municipal governments among these cities.

Source: Instituto Nacional de Estadística y Geografía (INEGI) · saved copy

How much does Veracruz spend on staff?

The municipal government of Veracruz spent MXN 3.8 billion in 2024; staff pay and benefits took MXN 1.5 billion, or 40.9%, 33rd highest of 105 municipal governments among these cities.

Source: Instituto Nacional de Estadística y Geografía (INEGI) · saved copy

How much does Veracruz invest in public works?

Public works and other public investment accounted for MXN 474.62 million of the municipal government of Veracruz's spending in 2024, 12.5% of the total, 37th lowest of 105 municipal governments among these cities.

Source: Instituto Nacional de Estadística y Geografía (INEGI) · saved copy

How much debt does Veracruz pay?

Also in 2024, the municipal government of Veracruz spent on transfers, subsidies and other aid MXN 146.63 million (3.9%) and debt service MXN 20.90 million (0.6%).

Source: Instituto Nacional de Estadística y Geografía (INEGI) · saved copy

How Veracruz compares with other cities in Mexico

Municipal government revenue per resident (MXN, latest year 2022-2024 / 2020 census population) (2024)

Veracruz ranks 33 of 105, highest first.

RankCityMunicipal government revenue per resident (MXN, latest year 2022-2024 / 2020 census population)
30Ciudad Lázaro CárdenasMXN 6,376
31HermosilloMXN 6,317
32San Juan del RíoMXN 6,270
33VeracruzMXN 6,232
34Colima-Villa de ÁlvarezMXN 6,188
35CampecheMXN 6,171
36Tuxtla GutiérrezMXN 6,114
Source: Instituto Nacional de Estadística y Geografía (INEGI) · saved copy

Local taxes as a share of municipal revenue (2024)

Veracruz ranks 50 of 105, highest first.

RankCityLocal taxes as a share of municipal revenue
47Acapulco13.2%
48Irapuato12.7%
49La Piedad-Pénjamo12.6%
50Veracruz12.3%
51Uruapan12.3%
52Tampico12.2%
53Xalapa12.0%
Source: Instituto Nacional de Estadística y Geografía (INEGI) · saved copy

Federal participations and contributions as a share of municipal revenue (2024)

Veracruz ranks 46 of 105, highest first.

RankCityFederal participations and contributions as a share of municipal revenue
43Acayucan72.2%
44Campeche72.1%
45Heroica Nogales71.9%
46Veracruz71.8%
47Monclova-Frontera71.7%
48Valladolid71.7%
49Tampico71.4%
Source: Instituto Nacional de Estadística y Geografía (INEGI) · saved copy

Public investment as a share of municipal spending (2024)

Veracruz ranks 69 of 105, highest first.

RankCityPublic investment as a share of municipal spending
66Coatzacoalcos13.3%
67Morelia13.0%
68Guadalajara12.9%
69Veracruz12.5%
70Chihuahua12.4%
71Manzanillo12.4%
72Ocotlán11.3%
Source: Instituto Nacional de Estadística y Geografía (INEGI) · saved copy

Staff costs as a share of municipal spending (2024)

Veracruz ranks 33 of 105, highest first.

RankCityStaff costs as a share of municipal spending
30Fresnillo41.9%
31Minatitlán41.9%
32Morelia41.8%
33Veracruz40.9%
34San Luis Rio Colorado40.3%
35Villahermosa40.2%
36Caborca40.1%
Source: Instituto Nacional de Estadística y Geografía (INEGI) · saved copy

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Sources

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