Government budget and revenue in Hidalgo, Mexico: official figures
The Hidalgo state government spent 71.8 billion pesos in 2025 according to INEGI's preliminary state public finance statistics, 21,763 pesos per resident, 6th lowest of 32 (all 32 governments combined: 24,691 pesos). Spending was up 4.5% on 2024 and up 54.6% on 2018, before adjusting for inflation.
How much does Hidalgo depend on federal money?
Federal transfers made up 90.1% of the Hidalgo state government's revenue in 2025 (64.0 billion pesos of 71.0 billion pesos, counting revenue without borrowing), 10th highest share of 32 (all 32 governments combined: 81.0%). In 2024 the share was 91.4%.
Source: Instituto Nacional de Estadistica y Geografia (INEGI) · saved copyHow much revenue-sharing money does Hidalgo get from the federal government?
Hidalgo received 26.3 billion pesos in federal participaciones, the revenue-sharing transfers states may spend freely, in 2025: 7,983 pesos per resident, the lowest of 32 (all 32 governments combined: 10,102 pesos). The General Participation Fund supplied 20.1 billion pesos of it; the total was down 0.8% on 2024.
Source: Instituto Nacional de Estadistica y Geografia (INEGI) · saved copyHow much earmarked federal funding does Hidalgo receive?
Earmarked federal transfers (aportaciones, including the Ramo 33 funds and reassigned federal resources) brought Hidalgo 37.7 billion pesos in 2025, 11,417 pesos per resident, 14th 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 21.0 billion pesos.
Source: Instituto Nacional de Estadistica y Geografia (INEGI) · saved copyHow much of its own money does Hidalgo raise?
The Hidalgo state government's own revenue (taxes, fees, products and other own income) was 7.0 billion pesos in 2025, 9.9% of its revenue without borrowing, 10th lowest share of 32 (all 32 governments combined: 18.1%). It was up 13.1% on 2024.
Source: Instituto Nacional de Estadistica y Geografia (INEGI) · saved copyHow much tax does the Hidalgo government collect?
State taxes raised 3.1 billion pesos in Hidalgo in 2025, 952 pesos per resident, 7th lowest of 32 (all 32 governments combined: 2,402 pesos). The payroll tax (impuesto sobre nomina) supplied 94.3% of tax revenue.
Source: Instituto Nacional de Estadistica y Geografia (INEGI) · saved copyHow much does Hidalgo spend on government salaries?
Personnel costs (servicios personales) took 3.8 billion pesos, or 5.3% of the Hidalgo state government's spending in 2025, 4th lowest share of 32 (all 32 governments combined: 20.1%). The bill was up 25.9% on 2024.
Source: Instituto Nacional de Estadistica y Geografia (INEGI) · saved copyHow much does Hidalgo invest in public works?
The Hidalgo state government spent 4.5 billion pesos on public investment (public works and productive projects) in 2025, 6.3% of its spending, 3rd highest share of 32 (all 32 governments combined: 3.4%). In 2024 it spent 4.3 billion pesos.
Source: Instituto Nacional de Estadistica y Geografia (INEGI) · saved copyHow much money does Hidalgo give its municipalities?
The Hidalgo state government passed 12.4 billion pesos to its municipalities in 2025, 17.3% of its spending, 12th highest share of 31 states (all 31 states: 17.0%). Of this, 6.7 billion pesos was the municipal share of federal participaciones and 5.7 billion pesos Ramo 33 aportaciones.
Source: Instituto Nacional de Estadistica y Geografia (INEGI) · saved copyHow much does Hidalgo pay on its debt each year?
Debt service cost the Hidalgo state government 856.2 million pesos in 2025, 1.2% of its spending, 6th lowest share of 32 (all 32 governments combined: 5.6%). Interest accounted for 262.6 million pesos and principal repayments for 589.8 million pesos.
Source: Instituto Nacional de Estadistica y Geografia (INEGI) · saved copyHow much debt does Hidalgo have?
Debt and financial obligations of the Hidalgo state government and its public entities registered with Hacienda stood at 2.3 billion pesos on 30 June 2026, 696 pesos per resident, 5th lowest of 32 (all 32 governments combined: 4,962 pesos). That is down 5.3% from 2.4 billion pesos on 31 December 2025 and 0.3% of all registered state debt.
Source: Secretaria de Hacienda y Credito Publico (SHCP), Unidad de Coordinacion con Entidades Federativas · saved copyWho does Hidalgo owe money to?
100% of Hidalgo'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 Hidalgo pay on its debt?
The weighted average interest rate on Hidalgo's registered debt was 7.09% at 30 June 2026, 10th lowest of 31 entities with registered debt (overall: 7.21%), and the weighted average remaining term was 6.6 years, 6th shortest of 31.
Source: Secretaria de Hacienda y Credito Publico (SHCP), Unidad de Coordinacion con Entidades Federativas · saved copyIs Hidalgo's debt level sustainable?
In Hacienda's debt Alert System for the second quarter of 2026, Hidalgo's debt and obligations equalled 8.3% of its unconditional revenue (ingresos de libre disposicion), in the low range (the low range runs up to 100%) and tied for 2nd lowest of 31 entities measured. Debt service took 1.8% 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 Hidalgo compares with other states
State government spending per person (2025)
Hidalgo ranks 27 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 |
|---|---|---|
| 24 | State of Mexico | 22,519 pesos |
| 25 | Tlaxcala | 22,279 pesos |
| 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 |
Federal transfers as a share of state revenue (2025)
Hidalgo ranks 10 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 |
|---|---|---|
| 7 | Morelos | 90.8% |
| 8 | Tabasco | 90.5% |
| 9 | Puebla | 90.3% |
| 10 | Hidalgo | 90.1% |
| 11 | Zacatecas | 89.9% |
| 12 | Colima | 89.6% |
| 13 | Aguascalientes | 89.3% |
Own revenue as a share of state revenue (2025)
Hidalgo ranks 23 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 |
|---|---|---|
| 20 | Aguascalientes | 10.7% |
| 21 | Colima | 10.4% |
| 22 | Zacatecas | 10.1% |
| 23 | Hidalgo | 9.9% |
| 24 | Puebla | 9.7% |
| 25 | Tabasco | 9.5% |
| 26 | Chiapas | 9.2% |
State taxes collected per person (2025)
Hidalgo ranks 26 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 |
|---|---|---|
| 23 | Sinaloa | 1,270 pesos |
| 24 | Puebla | 1,161 pesos |
| 25 | Veracruz | 990 pesos |
| 26 | Hidalgo | 952 pesos |
| 27 | Guerrero | 815 pesos |
| 28 | Michoacan | 815 pesos |
| 29 | Tlaxcala | 779 pesos |
Federal participaciones (revenue sharing) per person (2025)
Hidalgo ranks 32 of 32, highest first. Participaciones federales received in 2025 (preliminary) per resident
| Rank | Region | Federal participaciones (revenue sharing) per person |
|---|---|---|
| 26 | Oaxaca | 8,758 pesos |
| 27 | Morelos | 8,613 pesos |
| 28 | Michoacan | 8,401 pesos |
| 29 | Guerrero | 8,338 pesos |
| 30 | Puebla | 8,336 pesos |
| 31 | Chiapas | 8,277 pesos |
| 32 | Hidalgo | 7,983 pesos |
Federal aportaciones (earmarked transfers) per person (2025)
Hidalgo ranks 14 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 |
|---|---|---|
| 11 | Sinaloa | 11,871 pesos |
| 12 | San Luis Potosi | 11,606 pesos |
| 13 | Tlaxcala | 11,493 pesos |
| 14 | Hidalgo | 11,417 pesos |
| 15 | Aguascalientes | 11,294 pesos |
| 16 | Michoacan | 10,917 pesos |
| 17 | Sonora | 10,790 pesos |
Personnel costs as a share of state spending (2025)
Hidalgo ranks 29 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 |
|---|---|---|
| 26 | Oaxaca | 8.1% |
| 27 | Baja California Sur | 7.7% |
| 28 | Aguascalientes | 6.6% |
| 29 | Hidalgo | 5.3% |
| 30 | Quintana Roo | 5.2% |
| 31 | Morelos | 4.3% |
| 32 | Queretaro | 4.2% |
Public investment as a share of state spending (2025)
Hidalgo ranks 3 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 |
|---|---|---|
| 1 | San Luis Potosi | 12.0% |
| 2 | Nuevo Leon | 8.4% |
| 3 | Hidalgo | 6.3% |
| 4 | Tlaxcala | 5.8% |
| 5 | Michoacan | 5.6% |
| 6 | Coahuila | 5.3% |
| 7 | Sinaloa | 4.3% |
Share of state spending passed to municipalities (2025)
Hidalgo ranks 12 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 |
|---|---|---|
| 9 | Tabasco | 18.1% |
| 10 | Veracruz | 18.1% |
| 11 | Tlaxcala | 18.0% |
| 12 | Hidalgo | 17.3% |
| 13 | Michoacan | 17.3% |
| 14 | Guanajuato | 17.2% |
| 15 | Zacatecas | 17.2% |
Debt service as a share of state spending (2025)
Hidalgo ranks 27 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 |
|---|---|---|
| 24 | Morelos | 1.6% |
| 25 | Puebla | 1.5% |
| 26 | Aguascalientes | 1.2% |
| 27 | Hidalgo | 1.2% |
| 28 | Sinaloa | 1.1% |
| 29 | Campeche | 1.1% |
| 30 | San Luis Potosi | 0.6% |
Registered state debt per person (2026-06-30)
Hidalgo ranks 28 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 |
|---|---|---|
| 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 |
| 31 | Queretaro | 397 pesos |
Debt as a share of unconditional revenue (Alert System indicator 1) (2026-Q2)
Hidalgo ranks 30 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) |
|---|---|---|
| 25 | Guanajuato | 18.1% |
| 26 | Tabasco | 15.0% |
| 27 | Baja California Sur | 13.7% |
| 28 | Puebla | 10.7% |
| 29 | Guerrero | 8.3% |
| 30 | Hidalgo | 8.3% |
| 31 | Queretaro | 3.4% |
Debt service as a share of unconditional revenue (Alert System indicator 2) (2026-Q2)
Hidalgo ranks 30 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) |
|---|---|---|
| 25 | Campeche | 2.7% |
| 26 | Baja California Sur | 2.6% |
| 27 | Tabasco | 2.6% |
| 28 | Puebla | 2.5% |
| 29 | San Luis Potosi | 2.4% |
| 30 | Hidalgo | 1.8% |
| 31 | Guerrero | 1.3% |
Average interest rate on registered state debt (2026-06-30)
Hidalgo ranks 22 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 |
|---|---|---|
| 19 | Tabasco | 7.14% |
| 20 | Sinaloa | 7.13% |
| 21 | Puebla | 7.13% |
| 22 | Hidalgo | 7.09% |
| 23 | Nuevo Leon | 7.08% |
| 24 | San Luis Potosi | 7.07% |
| 25 | Yucatan | 7.06% |
More on Hidalgo: 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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