Government budget and revenue in Colima, Mexico: official figures
The Colima state government spent 22.4 billion pesos in 2025 according to INEGI's preliminary state public finance statistics, 29,192 pesos per resident, 9th highest of 32 (all 32 governments combined: 24,691 pesos). Spending was down 8.1% on 2024 and up 16.5% on 2018, before adjusting for inflation.
How much does Colima depend on federal money?
Federal transfers made up 89.6% of the Colima state government's revenue in 2025 (19.7 billion pesos of 21.9 billion pesos, counting revenue without borrowing), 12th highest share of 32 (all 32 governments combined: 81.0%). In 2024 the share was 90.5%.
Source: Instituto Nacional de Estadistica y Geografia (INEGI) · saved copyHow much revenue-sharing money does Colima get from the federal government?
Colima received 7.9 billion pesos in federal participaciones, the revenue-sharing transfers states may spend freely, in 2025: 10,344 pesos per resident, 9th highest of 32 (all 32 governments combined: 10,102 pesos). The General Participation Fund supplied 5.7 billion pesos of it; the total was up 5.2% on 2024.
Source: Instituto Nacional de Estadistica y Geografia (INEGI) · saved copyHow much earmarked federal funding does Colima receive?
Earmarked federal transfers (aportaciones, including the Ramo 33 funds and reassigned federal resources) brought Colima 11.7 billion pesos in 2025, 15,277 pesos per resident, 2nd highest of 32 (all 32 governments combined: 9,347 pesos). The largest Ramo 33 fund paid to the state government was the education payroll and operating fund (FONE), with 4.7 billion pesos.
Source: Instituto Nacional de Estadistica y Geografia (INEGI) · saved copyHow much of its own money does Colima raise?
The Colima state government's own revenue (taxes, fees, products and other own income) was 2.3 billion pesos in 2025, 10.4% of its revenue without borrowing, 12th lowest share of 32 (all 32 governments combined: 18.1%). It was up 13.7% on 2024.
Source: Instituto Nacional de Estadistica y Geografia (INEGI) · saved copyHow much tax does the Colima government collect?
State taxes raised 1.5 billion pesos in Colima in 2025, 1,902 pesos per resident, 13th highest of 32 (all 32 governments combined: 2,402 pesos). The payroll tax (impuesto sobre nomina) supplied 46.0% of tax revenue.
Source: Instituto Nacional de Estadistica y Geografia (INEGI) · saved copyHow much does Colima spend on government salaries?
Personnel costs (servicios personales) took 2.2 billion pesos, or 9.8% of the Colima state government's spending in 2025, 9th lowest share of 32 (all 32 governments combined: 20.1%). The bill was up 5.3% on 2024.
Source: Instituto Nacional de Estadistica y Geografia (INEGI) · saved copyHow much does Colima invest in public works?
The Colima state government spent 499.1 million pesos on public investment (public works and productive projects) in 2025, 2.2% of its spending, 11th lowest share of 32 (all 32 governments combined: 3.4%). In 2024 it spent 182.8 million pesos.
Source: Instituto Nacional de Estadistica y Geografia (INEGI) · saved copyHow much money does Colima give its municipalities?
The Colima state government passed 3.2 billion pesos to its municipalities in 2025, 14.1% of its spending, 5th lowest share of 31 states (all 31 states: 17.0%). Of this, 2.0 billion pesos was the municipal share of federal participaciones and 1.2 billion pesos Ramo 33 aportaciones.
Source: Instituto Nacional de Estadistica y Geografia (INEGI) · saved copyHow much does Colima pay on its debt each year?
Debt service cost the Colima state government 1.1 billion pesos in 2025, 4.8% of its spending, 10th highest share of 32 (all 32 governments combined: 5.6%). Interest accounted for 363.6 million pesos and principal repayments for 675.3 million pesos, and payments of bills left from earlier years (ADEFAS) for 26.7 million pesos.
Source: Instituto Nacional de Estadistica y Geografia (INEGI) · saved copyHow much debt does Colima have?
Debt and financial obligations of the Colima state government and its public entities registered with Hacienda stood at 3.6 billion pesos on 30 June 2026, 4,624 pesos per resident, 11th highest of 32 (all 32 governments combined: 4,962 pesos). That is down 5.5% from 3.8 billion pesos on 31 December 2025 and 0.5% of all registered state debt.
Source: Secretaria de Hacienda y Credito Publico (SHCP), Unidad de Coordinacion con Entidades Federativas · saved copyWho does Colima owe money to?
96% of Colima's registered debt at 30 June 2026 was backed by its federal participaciones as the source of payment; 76.5 million pesos is owed by state public entities rather than the central government. By lender: commercial banks 81%, development banks 19%.
Source: Secretaria de Hacienda y Credito Publico (SHCP), Unidad de Coordinacion con Entidades Federativas · saved copyWhat interest rate does Colima pay on its debt?
The weighted average interest rate on Colima's registered debt was 7.45% at 30 June 2026, 4th highest of 31 entities with registered debt (overall: 7.21%), and the weighted average remaining term was 15.6 years, 9th longest of 31.
Source: Secretaria de Hacienda y Credito Publico (SHCP), Unidad de Coordinacion con Entidades Federativas · saved copyIs Colima's debt level sustainable?
In Hacienda's debt Alert System for the second quarter of 2026, Colima's debt and obligations equalled 42.4% of its unconditional revenue (ingresos de libre disposicion), in the low range (the low range runs up to 100%) and 10th highest of 31 entities measured. Debt service took 4.5% of that revenue, in the low range (low up to 7.5%).
Source: Secretaria de Hacienda y Credito Publico (SHCP), Unidad de Coordinacion con Entidades Federativas · saved copyHow Colima compares with other states
State government spending per person (2025)
Colima ranks 9 of 32, highest first. INEGI EFIPEM, 2025 preliminary figures: total spending less the closing cash balance, divided by CONAPO mid-2025 population; Mexico City from the city government file
| Rank | Region | State government spending per person |
|---|---|---|
| 6 | Baja California Sur | 30,527 pesos |
| 7 | Nuevo Leon | 30,458 pesos |
| 8 | Campeche | 29,329 pesos |
| 9 | Colima | 29,192 pesos |
| 10 | Nayarit | 25,300 pesos |
| 11 | Sinaloa | 25,175 pesos |
| 12 | Zacatecas | 25,136 pesos |
Federal transfers as a share of state revenue (2025)
Colima ranks 12 of 32, highest first. Participaciones plus aportaciones as a share of revenue excluding financing (borrowing and deficit entries), 2025 preliminary
| Rank | Region | Federal transfers as a share of state revenue |
|---|---|---|
| 9 | Puebla | 90.3% |
| 10 | Hidalgo | 90.1% |
| 11 | Zacatecas | 89.9% |
| 12 | Colima | 89.6% |
| 13 | Aguascalientes | 89.3% |
| 14 | San Luis Potosi | 89.2% |
| 15 | Nayarit | 88.7% |
Own revenue as a share of state revenue (2025)
Colima ranks 21 of 32, highest first. Taxes, fees (derechos), products, aprovechamientos, improvement levies and social security contributions, as a share of revenue excluding financing, 2025 preliminary
| Rank | Region | Own revenue as a share of state revenue |
|---|---|---|
| 18 | Nayarit | 10.9% |
| 19 | San Luis Potosi | 10.8% |
| 20 | Aguascalientes | 10.7% |
| 21 | Colima | 10.4% |
| 22 | Zacatecas | 10.1% |
| 23 | Hidalgo | 9.9% |
| 24 | Puebla | 9.7% |
State taxes collected per person (2025)
Colima ranks 13 of 32, highest first. Tax revenue of the state government (chapter Impuestos), 2025 preliminary, per resident (CONAPO mid-2025)
| Rank | Region | State taxes collected per person |
|---|---|---|
| 10 | Campeche | 2,395 pesos |
| 11 | Durango | 2,076 pesos |
| 12 | Tamaulipas | 2,003 pesos |
| 13 | Colima | 1,902 pesos |
| 14 | State of Mexico | 1,900 pesos |
| 15 | Nayarit | 1,823 pesos |
| 16 | Guanajuato | 1,805 pesos |
Federal participaciones (revenue sharing) per person (2025)
Colima ranks 9 of 32, highest first. Participaciones federales received in 2025 (preliminary) per resident
| Rank | Region | Federal participaciones (revenue sharing) per person |
|---|---|---|
| 6 | Nuevo Leon | 11,160 pesos |
| 7 | Sonora | 10,817 pesos |
| 8 | Chihuahua | 10,526 pesos |
| 9 | Colima | 10,344 pesos |
| 10 | Quintana Roo | 10,339 pesos |
| 11 | Baja California | 10,269 pesos |
| 12 | State of Mexico | 10,208 pesos |
Federal aportaciones (earmarked transfers) per person (2025)
Colima ranks 2 of 32, highest first. Aportaciones federales (Ramo 33 and reassigned federal resources) received in 2025 (preliminary) per resident
| Rank | Region | Federal aportaciones (earmarked transfers) per person |
|---|---|---|
| 1 | Guerrero | 15,914 pesos |
| 2 | Colima | 15,277 pesos |
| 3 | Campeche | 14,686 pesos |
| 4 | Baja California Sur | 14,186 pesos |
| 5 | Oaxaca | 14,003 pesos |
| 6 | Zacatecas | 13,926 pesos |
| 7 | Tabasco | 12,763 pesos |
Personnel costs as a share of state spending (2025)
Colima ranks 24 of 32, highest first. Chapter Servicios personales as a share of spending less the closing cash balance, 2025 preliminary
| Rank | Region | Personnel costs as a share of state spending |
|---|---|---|
| 21 | Tlaxcala | 11.1% |
| 22 | Sonora | 11.0% |
| 23 | Chihuahua | 10.8% |
| 24 | Colima | 9.8% |
| 25 | Sinaloa | 9.8% |
| 26 | Oaxaca | 8.1% |
| 27 | Baja California Sur | 7.7% |
Public investment as a share of state spending (2025)
Colima ranks 22 of 32, highest first. Chapter Inversion publica (public works and productive projects) as a share of spending, 2025 preliminary
| Rank | Region | Public investment as a share of state spending |
|---|---|---|
| 19 | Nayarit | 2.5% |
| 20 | Oaxaca | 2.3% |
| 21 | Baja California Sur | 2.3% |
| 22 | Colima | 2.2% |
| 23 | Tabasco | 2.1% |
| 24 | State of Mexico | 2.0% |
| 25 | Chihuahua | 2.0% |
Share of state spending passed to municipalities (2025)
Colima ranks 27 of 31, highest first. 31 states; Mexico City has borough governments (alcaldias) instead of municipalities and is not ranked
| Rank | Region | Share of state spending passed to municipalities |
|---|---|---|
| 24 | Baja California | 15.4% |
| 25 | Coahuila | 14.6% |
| 26 | Sinaloa | 14.6% |
| 27 | Colima | 14.1% |
| 28 | Chihuahua | 13.3% |
| 29 | Durango | 12.7% |
| 30 | Sonora | 12.1% |
Debt service as a share of state spending (2025)
Colima ranks 10 of 32, highest first. Chapter Deuda publica (interest, principal repayments, fees and prior-year arrears) as a share of spending, 2025 preliminary
| Rank | Region | Debt service as a share of state spending |
|---|---|---|
| 7 | Tabasco | 7.9% |
| 8 | Coahuila | 7.3% |
| 9 | Mexico City | 5.8% |
| 10 | Colima | 4.8% |
| 11 | Quintana Roo | 4.4% |
| 12 | State of Mexico | 3.4% |
| 13 | Tamaulipas | 3.4% |
Registered state debt per person (2026-06-30)
Colima ranks 11 of 32, highest first. Financing and obligations of the state government and its public entities in the Registro Publico Unico at 30 June 2026, per resident (CONAPO mid-2026)
| Rank | Region | Registered state debt per person |
|---|---|---|
| 8 | Veracruz | 5,204 pesos |
| 9 | Baja California | 5,153 pesos |
| 10 | Nayarit | 4,918 pesos |
| 11 | Colima | 4,624 pesos |
| 12 | Aguascalientes | 4,561 pesos |
| 13 | Michoacan | 4,368 pesos |
| 14 | Tamaulipas | 4,313 pesos |
Debt as a share of unconditional revenue (Alert System indicator 1) (2026-Q2)
Colima ranks 10 of 31, highest first. SHCP Sistema de Alertas, second quarter of 2026: public debt and obligations over ingresos de libre disposicion; Tlaxcala has no registered debt and is not measured
| Rank | Region | Debt as a share of unconditional revenue (Alert System indicator 1) |
|---|---|---|
| 7 | Michoacan | 51.9% |
| 8 | Nayarit | 47.2% |
| 9 | Veracruz | 47.1% |
| 10 | Colima | 42.4% |
| 11 | Aguascalientes | 40.8% |
| 12 | Baja California | 40.6% |
| 13 | Mexico City | 38.5% |
Debt service as a share of unconditional revenue (Alert System indicator 2) (2026-Q2)
Colima ranks 12 of 31, highest first. SHCP Sistema de Alertas, second quarter of 2026: debt and obligation service over ingresos de libre disposicion
| Rank | Region | Debt service as a share of unconditional revenue (Alert System indicator 2) |
|---|---|---|
| 9 | Mexico City | 5.0% |
| 10 | Veracruz | 4.9% |
| 11 | Baja California | 4.5% |
| 12 | Colima | 4.5% |
| 13 | Yucatan | 4.5% |
| 14 | Zacatecas | 4.4% |
| 15 | Michoacan | 4.3% |
Average interest rate on registered state debt (2026-06-30)
Colima ranks 4 of 31, highest first. Weighted average interest rate on the financing and obligations of each state and its public entities at 30 June 2026
| Rank | Region | Average interest rate on registered state debt |
|---|---|---|
| 1 | Zacatecas | 7.71% |
| 2 | Aguascalientes | 7.47% |
| 3 | Nayarit | 7.45% |
| 4 | Colima | 7.45% |
| 5 | Guerrero | 7.44% |
| 6 | Mexico City | 7.42% |
| 7 | Baja California Sur | 7.42% |
More on Colima: overview · economy and jobs · health · education and schools · poverty and living standards · Mexico
Sources
- Secretaria de Hacienda y Credito Publico (SHCP), Unidad de Coordinacion con Entidades Federativas: Financiamientos y obligaciones de entidades federativas y sus entes publicos, por fuente de pago: balances at 30 June 2026 (millions of pesos), from the Registro Publico Unico, read 23 October 2026 · saved copy (SHA-256 eb8f66109730…)
- Instituto Nacional de Estadistica y Geografia (INEGI): Estadistica de Finanzas Publicas Estatales y Municipales (EFIPEM), state governments, annual open data 1989-2025 (2025 preliminary): revenue and spending of each state government by chapter, concept and item, in pesos, read 23 October 2026 · saved copy (SHA-256 c8ace2050ce2…)
- Secretaria de Hacienda y Credito Publico (SHCP), Unidad de Coordinacion con Entidades Federativas: Financiamientos y obligaciones de entidades federativas y sus entes publicos por tipo de acreedor y fuente de pago: balances at 30 June 2026 (millions of pesos), read 23 October 2026 · saved copy (SHA-256 eae1d48cad0e…)
- Secretaria de Hacienda y Credito Publico (SHCP), Unidad de Coordinacion con Entidades Federativas: Tasa de interes promedio ponderada por entidad federativa y sus entes publicos, at 30 June 2026, read 23 October 2026 · saved copy (SHA-256 41392693e6b3…)
- Secretaria de Hacienda y Credito Publico (SHCP), Unidad de Coordinacion con Entidades Federativas: Sistema de Alertas: evaluacion del nivel de endeudamiento de las Entidades Federativas, 2T-2026 (indicators and ranges), read 23 October 2026 · saved copy (SHA-256 ada72d2140d3…)
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