11 answers, 5 from Mexico's own official bodies, with a link to each figure.
Does Mexico have a budget deficit?
Mexico's public sector ran a deficit of MX$737.3 billion from January to August 2026, according to the public finance table in the Bank of Mexico's SIE database (CG1), which reproduces figures from the Finance Secretariat (SHCP). Budget revenue was MX$5.66 trillion and budget spending MX$6.40 trillion.
These are cumulative totals for the year so far, in nominal pesos. The balance covers the federal government and the state companies and agencies under budget control, such as Pemex and CFE. The Finance Secretariat also publishes a broader measure, the public sector borrowing requirements, which is the one usually compared with GDP.
Mexico's public sector recorded a primary surplus of MX$96.7 billion from January to August 2026, according to the Bank of Mexico's public finance table (CG1). The overall balance, after interest, was a deficit of MX$737.3 billion.
The primary balance leaves out the financial cost of public debt, so it shows whether revenue covers non-interest spending. The gap between the two balances is mostly interest: the financial cost of debt was MX$822.5 billion in the same period. Monthly values are cumulative from January.
Mexico's federal government collected MX$3.86 trillion in tax revenue from January to August 2026, according to the Bank of Mexico's public finance table (CG1). Non-tax revenue added MX$458.8 billion, and state companies and agencies MX$1.34 trillion, for total budget revenue of MX$5.66 trillion.
Tax revenue includes income tax, VAT and excise duties such as the special tax on fuels. The figures are cumulative from January and in nominal pesos; the Finance Secretariat's monthly report compares them with the budget estimate and with the year before in real terms.
What does the Mexican government spend its money on?
Mexico's public sector budget spending was MX$6.40 trillion from January to August 2026, according to the Bank of Mexico's public finance table (CG1). Programmable spending, which funds government programmes and services, was MX$4.53 trillion, and non-programmable spending MX$1.87 trillion.
Non-programmable spending covers revenue shared with states and municipalities (participaciones, MX$983.7 billion) and the financial cost of debt (MX$822.5 billion). Within programmable spending, wages and salaries were MX$1.19 trillion and physical investment MX$240.9 billion.
How much does Mexico spend on interest on its debt?
The financial cost of Mexico's public debt was MX$822.5 billion from January to August 2026, according to the Bank of Mexico's public finance table (CG1). Of that, MX$625.9 billion was on domestic debt and MX$196.6 billion on external debt.
The financial cost mainly covers interest and fees on federal government and state company debt. It is part of non-programmable spending and is the main reason the overall public balance is in deficit while the primary balance is in surplus. The figures are cumulative from January, in nominal pesos.
The figures below use one definition for every country, so they can differ from national figures.
What is Mexico's national debt?
The latest figure from the IMF, for 2025, is 61.7% of GDP. No year since 2005 has been higher. It is 17th highest of 31 in Latin America & Caribbean, where the median is 65.6% of GDP. Worldwide: 70th of 185.
What is Mexico's budget deficit?
The IMF puts general government net lending or borrowing in Mexico at -4.9% of GDP in 2025 (a deficit). Its high point since 2005 was 2008, at -0.7% of GDP; its low point was 2024, at -5.8% of GDP. Across Latin America & Caribbean the middle value was -2.8% of GDP, and Mexico placed 23rd highest of 32. World rank, highest first: 143rd of 188.
What is Mexico's government revenue?
The latest figure from the IMF, for 2025, is 25.0% of GDP. Its high point since 2005 was 2008, at 25.8% of GDP; its low point was 2005, at 19.7% of GDP. It is 16th highest of 32 in Latin America & Caribbean, where the median is 24.9% of GDP. World rank, highest first: 106th of 187.
What is Mexico's government spending?
The IMF puts general government spending in Mexico at 29.8% of GDP in 2025. Since 2005 it has ranged from 21.2% of GDP (2005) to 30.7% of GDP (2024). Latin America & Caribbean median: 26.7% of GDP; Mexico is 14th highest of 32. World rank, highest first: 97th of 186.
How much tax does Mexico collect?
The IMF puts central government tax revenue in Mexico at 14.8% of GDP in 2024. No year since 2008 has been higher. It is 8th highest of 14 in Latin America & Caribbean, where the median is 15.0% of GDP. Worldwide: 63rd of 92.
What is Mexico's military budget as a share of GDP?
SIPRI puts military spending in Mexico at 0.7% of GDP in 2025. Its high point since 2005 was 2024, at 1.1% of GDP; its low point was 2006, at 0.3% of GDP. It is 16th highest of 22 in Latin America & Caribbean, where the median is 1.0% of GDP. Worldwide: 127th of 149.