Government budget and revenue in Guanajuato, Mexico: official figures
The Guanajuato state government spent 129.0 billion pesos in 2025 according to INEGI's preliminary state public finance statistics, 19,733 pesos per resident, 2nd lowest of 32 (all 32 governments combined: 24,691 pesos). Spending was down 3.3% on 2024 and up 46.9% on 2018, before adjusting for inflation.
How much does Guanajuato depend on federal money?
Federal transfers made up 85.9% of the Guanajuato state government's revenue in 2025 (110.9 billion pesos of 129.1 billion pesos, counting revenue without borrowing), 12th lowest share of 32 (all 32 governments combined: 81.0%). In 2024 the share was 84.8%.
Source: Instituto Nacional de Estadistica y Geografia (INEGI) · saved copyHow much revenue-sharing money does Guanajuato get from the federal government?
Guanajuato received 58.9 billion pesos in federal participaciones, the revenue-sharing transfers states may spend freely, in 2025: 9,012 pesos per resident, 8th lowest of 32 (all 32 governments combined: 10,102 pesos). The General Participation Fund supplied 42.9 billion pesos of it; the total was up 4.3% on 2024.
Source: Instituto Nacional de Estadistica y Geografia (INEGI) · saved copyHow much earmarked federal funding does Guanajuato receive?
Earmarked federal transfers (aportaciones, including the Ramo 33 funds and reassigned federal resources) brought Guanajuato 52.0 billion pesos in 2025, 7,954 pesos per resident, 6th lowest 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 23.6 billion pesos.
Source: Instituto Nacional de Estadistica y Geografia (INEGI) · saved copyHow much of its own money does Guanajuato raise?
The Guanajuato state government's own revenue (taxes, fees, products and other own income) was 18.1 billion pesos in 2025, 14.1% of its revenue without borrowing, 11th highest share of 32 (all 32 governments combined: 18.1%). It was down 5.1% on 2024.
Source: Instituto Nacional de Estadistica y Geografia (INEGI) · saved copyHow much tax does the Guanajuato government collect?
State taxes raised 11.8 billion pesos in Guanajuato in 2025, 1,805 pesos per resident, 16th highest of 32 (all 32 governments combined: 2,402 pesos). The payroll tax (impuesto sobre nomina) supplied 78.9% of tax revenue.
Source: Instituto Nacional de Estadistica y Geografia (INEGI) · saved copyHow much does Guanajuato spend on government salaries?
Personnel costs (servicios personales) took 39.0 billion pesos, or 30.2% of the Guanajuato state government's spending in 2025, 10th highest share of 32 (all 32 governments combined: 20.1%). The bill was up 6.4% on 2024.
Source: Instituto Nacional de Estadistica y Geografia (INEGI) · saved copyHow much does Guanajuato invest in public works?
The Guanajuato state government spent 4.5 billion pesos on public investment (public works and productive projects) in 2025, 3.5% of its spending, 12th highest share of 32 (all 32 governments combined: 3.4%). In 2024 it spent 4.6 billion pesos.
Source: Instituto Nacional de Estadistica y Geografia (INEGI) · saved copyHow much money does Guanajuato give its municipalities?
The Guanajuato state government passed 22.2 billion pesos to its municipalities in 2025, 17.2% of its spending, 14th highest share of 31 states (all 31 states: 17.0%). Of this, 13.4 billion pesos was the municipal share of federal participaciones and 8.8 billion pesos Ramo 33 aportaciones.
Source: Instituto Nacional de Estadistica y Geografia (INEGI) · saved copyHow much does Guanajuato pay on its debt each year?
Debt service cost the Guanajuato state government 2.6 billion pesos in 2025, 2.0% of its spending, 14th lowest share of 32 (all 32 governments combined: 5.6%). Interest accounted for 945.9 million pesos and principal repayments for 1.6 billion pesos.
Source: Instituto Nacional de Estadistica y Geografia (INEGI) · saved copyHow much debt does Guanajuato have?
Debt and financial obligations of the Guanajuato state government and its public entities registered with Hacienda stood at 8.5 billion pesos on 30 June 2026, 1,292 pesos per resident, 6th lowest of 32 (all 32 governments combined: 4,962 pesos). That is down 5.8% from 9.0 billion pesos on 31 December 2025 and 1.3% of all registered state debt.
Source: Secretaria de Hacienda y Credito Publico (SHCP), Unidad de Coordinacion con Entidades Federativas · saved copyWho does Guanajuato owe money to?
100% of Guanajuato's registered debt at 30 June 2026 was backed by its federal participaciones as the source of payment. By lender: commercial banks 100%.
Source: Secretaria de Hacienda y Credito Publico (SHCP), Unidad de Coordinacion con Entidades Federativas · saved copyWhat interest rate does Guanajuato pay on its debt?
The weighted average interest rate on Guanajuato's registered debt was 7.21% at 30 June 2026, 15th lowest of 31 entities with registered debt (overall: 7.21%), and the weighted average remaining term was 6.4 years, 4th shortest of 31.
Source: Secretaria de Hacienda y Credito Publico (SHCP), Unidad de Coordinacion con Entidades Federativas · saved copyIs Guanajuato's debt level sustainable?
In Hacienda's debt Alert System for the second quarter of 2026, Guanajuato's debt and obligations equalled 18.1% of its unconditional revenue (ingresos de libre disposicion), in the low range (the low range runs up to 100%) and 7th lowest of 31 entities measured. Debt service took 3.7% 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 Guanajuato compares with other states
State government spending per person (2025)
Guanajuato ranks 31 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 |
|---|---|---|
| 26 | Tamaulipas | 22,161 pesos |
| 27 | Hidalgo | 21,763 pesos |
| 28 | Michoacan | 21,554 pesos |
| 29 | Morelos | 20,815 pesos |
| 30 | Jalisco | 20,391 pesos |
| 31 | Guanajuato | 19,733 pesos |
| 32 | Puebla | 19,300 pesos |
Federal transfers as a share of state revenue (2025)
Guanajuato ranks 21 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 |
|---|---|---|
| 18 | Campeche | 87.2% |
| 19 | Baja California Sur | 86.4% |
| 20 | Yucatan | 86.0% |
| 21 | Guanajuato | 85.9% |
| 22 | Jalisco | 85.4% |
| 23 | Tamaulipas | 84.8% |
| 24 | Baja California | 81.3% |
Own revenue as a share of state revenue (2025)
Guanajuato ranks 11 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 |
|---|---|---|
| 8 | Baja California | 18.7% |
| 9 | Tamaulipas | 15.2% |
| 10 | Jalisco | 14.6% |
| 11 | Guanajuato | 14.1% |
| 12 | Yucatan | 14.0% |
| 13 | Baja California Sur | 13.6% |
| 14 | Sonora | 13.3% |
State taxes collected per person (2025)
Guanajuato ranks 16 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 |
|---|---|---|
| 13 | Colima | 1,902 pesos |
| 14 | State of Mexico | 1,900 pesos |
| 15 | Nayarit | 1,823 pesos |
| 16 | Guanajuato | 1,805 pesos |
| 17 | Yucatan | 1,787 pesos |
| 18 | Jalisco | 1,671 pesos |
| 19 | Aguascalientes | 1,562 pesos |
Federal participaciones (revenue sharing) per person (2025)
Guanajuato ranks 25 of 32, highest first. Participaciones federales received in 2025 (preliminary) per resident
| Rank | Region | Federal participaciones (revenue sharing) per person |
|---|---|---|
| 22 | Yucatan | 9,275 pesos |
| 23 | Zacatecas | 9,227 pesos |
| 24 | Tlaxcala | 9,194 pesos |
| 25 | Guanajuato | 9,012 pesos |
| 26 | Oaxaca | 8,758 pesos |
| 27 | Morelos | 8,613 pesos |
| 28 | Michoacan | 8,401 pesos |
Federal aportaciones (earmarked transfers) per person (2025)
Guanajuato ranks 27 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 |
|---|---|---|
| 24 | Puebla | 9,382 pesos |
| 25 | Baja California | 8,595 pesos |
| 26 | Queretaro | 8,145 pesos |
| 27 | Guanajuato | 7,954 pesos |
| 28 | Quintana Roo | 7,816 pesos |
| 29 | Nuevo Leon | 7,481 pesos |
| 30 | Jalisco | 7,304 pesos |
Personnel costs as a share of state spending (2025)
Guanajuato ranks 10 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 |
|---|---|---|
| 7 | Durango | 33.1% |
| 8 | Coahuila | 32.4% |
| 9 | Campeche | 30.7% |
| 10 | Guanajuato | 30.2% |
| 11 | Yucatan | 30.1% |
| 12 | Jalisco | 26.8% |
| 13 | State of Mexico | 20.0% |
Public investment as a share of state spending (2025)
Guanajuato ranks 12 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 |
|---|---|---|
| 9 | Campeche | 4.0% |
| 10 | Mexico City | 3.5% |
| 11 | Tamaulipas | 3.5% |
| 12 | Guanajuato | 3.5% |
| 13 | Baja California | 3.4% |
| 14 | Queretaro | 3.4% |
| 15 | Puebla | 2.9% |
Share of state spending passed to municipalities (2025)
Guanajuato ranks 14 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 |
|---|---|---|
| 11 | Tlaxcala | 18.0% |
| 12 | Hidalgo | 17.3% |
| 13 | Michoacan | 17.3% |
| 14 | Guanajuato | 17.2% |
| 15 | Zacatecas | 17.2% |
| 16 | State of Mexico | 17.0% |
| 17 | Yucatan | 16.9% |
Debt service as a share of state spending (2025)
Guanajuato ranks 19 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 |
|---|---|---|
| 16 | Baja California | 2.5% |
| 17 | Nayarit | 2.1% |
| 18 | Jalisco | 2.1% |
| 19 | Guanajuato | 2.0% |
| 20 | Zacatecas | 2.0% |
| 21 | Queretaro | 1.8% |
| 22 | Yucatan | 1.8% |
Registered state debt per person (2026-06-30)
Guanajuato ranks 27 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 |
|---|---|---|
| 24 | Campeche | 2,043 pesos |
| 25 | Tabasco | 1,974 pesos |
| 26 | Baja California Sur | 1,507 pesos |
| 27 | Guanajuato | 1,292 pesos |
| 28 | Hidalgo | 696 pesos |
| 29 | Guerrero | 577 pesos |
| 30 | Puebla | 496 pesos |
Debt as a share of unconditional revenue (Alert System indicator 1) (2026-Q2)
Guanajuato ranks 25 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) |
|---|---|---|
| 22 | San Luis Potosi | 23.8% |
| 23 | Sinaloa | 21.9% |
| 24 | Campeche | 20.0% |
| 25 | Guanajuato | 18.1% |
| 26 | Tabasco | 15.0% |
| 27 | Baja California Sur | 13.7% |
| 28 | Puebla | 10.7% |
Debt service as a share of unconditional revenue (Alert System indicator 2) (2026-Q2)
Guanajuato ranks 17 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) |
|---|---|---|
| 14 | Zacatecas | 4.4% |
| 15 | Michoacan | 4.3% |
| 16 | Tamaulipas | 3.9% |
| 17 | Guanajuato | 3.7% |
| 18 | Oaxaca | 3.7% |
| 19 | Morelos | 3.5% |
| 20 | Queretaro | 3.4% |
Average interest rate on registered state debt (2026-06-30)
Guanajuato ranks 17 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 |
|---|---|---|
| 14 | Quintana Roo | 7.25% |
| 15 | Morelos | 7.25% |
| 16 | Campeche | 7.21% |
| 17 | Guanajuato | 7.21% |
| 18 | Tamaulipas | 7.17% |
| 19 | Tabasco | 7.14% |
| 20 | Sinaloa | 7.13% |
More on Guanajuato: 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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