Government budget and revenue in Nuevo Leon, Mexico: official figures
The Nuevo Leon state government spent 195.3 billion pesos in 2025 according to INEGI's preliminary state public finance statistics, 30,458 pesos per resident, 7th highest of 32 (all 32 governments combined: 24,691 pesos). Spending was up 26.0% on 2024 and up 77.6% on 2018, before adjusting for inflation.
How much does Nuevo Leon depend on federal money?
Federal transfers made up 72.1% of the Nuevo Leon state government's revenue in 2025 (119.5 billion pesos of 165.7 billion pesos, counting revenue without borrowing), 2nd lowest share of 32 (all 32 governments combined: 81.0%). In 2024 the share was 78.4%.
Source: Instituto Nacional de Estadistica y Geografia (INEGI) · saved copyHow much revenue-sharing money does Nuevo Leon get from the federal government?
Nuevo Leon received 71.6 billion pesos in federal participaciones, the revenue-sharing transfers states may spend freely, in 2025: 11,160 pesos per resident, 6th highest of 32 (all 32 governments combined: 10,102 pesos). The General Participation Fund supplied 48.7 billion pesos of it; the total was up 4.4% on 2024.
Source: Instituto Nacional de Estadistica y Geografia (INEGI) · saved copyHow much earmarked federal funding does Nuevo Leon receive?
Earmarked federal transfers (aportaciones, including the Ramo 33 funds and reassigned federal resources) brought Nuevo Leon 48.0 billion pesos in 2025, 7,481 pesos per resident, 4th 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 20.9 billion pesos.
Source: Instituto Nacional de Estadistica y Geografia (INEGI) · saved copyHow much of its own money does Nuevo Leon raise?
The Nuevo Leon state government's own revenue (taxes, fees, products and other own income) was 46.2 billion pesos in 2025, 27.9% of its revenue without borrowing, 2nd highest share of 32 (all 32 governments combined: 18.1%). It was up 45.7% on 2024.
Source: Instituto Nacional de Estadistica y Geografia (INEGI) · saved copyHow much tax does the Nuevo Leon government collect?
State taxes raised 22.0 billion pesos in Nuevo Leon in 2025, 3,436 pesos per resident, 3rd highest of 32 (all 32 governments combined: 2,402 pesos). The payroll tax (impuesto sobre nomina) supplied 81.1% of tax revenue.
Source: Instituto Nacional de Estadistica y Geografia (INEGI) · saved copyHow much does Nuevo Leon spend on government salaries?
Personnel costs (servicios personales) took 28.7 billion pesos, or 14.7% of the Nuevo Leon state government's spending in 2025, 15th highest share of 32 (all 32 governments combined: 20.1%). The bill was up 6.9% on 2024.
Source: Instituto Nacional de Estadistica y Geografia (INEGI) · saved copyHow much does Nuevo Leon invest in public works?
The Nuevo Leon state government spent 16.3 billion pesos on public investment (public works and productive projects) in 2025, 8.4% of its spending, 2nd highest share of 32 (all 32 governments combined: 3.4%). In 2024 it spent 5.3 billion pesos.
Source: Instituto Nacional de Estadistica y Geografia (INEGI) · saved copyHow much money does Nuevo Leon give its municipalities?
The Nuevo Leon state government passed 21.7 billion pesos to its municipalities in 2025, 11.1% of its spending, the lowest share of 31 states (all 31 states: 17.0%). Of this, 14.6 billion pesos was the municipal share of federal participaciones and 7.1 billion pesos Ramo 33 aportaciones.
Source: Instituto Nacional de Estadistica y Geografia (INEGI) · saved copyHow much does Nuevo Leon pay on its debt each year?
Debt service cost the Nuevo Leon state government 25.2 billion pesos in 2025, 12.9% of its spending, 4th highest share of 32 (all 32 governments combined: 5.6%). Interest accounted for 7.4 billion pesos and principal repayments for 17.8 billion pesos.
Source: Instituto Nacional de Estadistica y Geografia (INEGI) · saved copyHow much debt does Nuevo Leon have?
Debt and financial obligations of the Nuevo Leon state government and its public entities registered with Hacienda stood at 108.1 billion pesos on 30 June 2026, 16,591 pesos per resident, the highest of 32 (all 32 governments combined: 4,962 pesos). That is down 3.0% from 111.5 billion pesos on 31 December 2025 and 16.2% of all registered state debt.
Source: Secretaria de Hacienda y Credito Publico (SHCP), Unidad de Coordinacion con Entidades Federativas · saved copyWho does Nuevo Leon owe money to?
66% of Nuevo Leon's registered debt at 30 June 2026 was backed by its federal participaciones as the source of payment; 30.0 billion pesos is owed by state public entities rather than the central government. By lender: commercial banks 43%, development banks 39%, stock-market bond issues 18%, other lenders 0%.
Source: Secretaria de Hacienda y Credito Publico (SHCP), Unidad de Coordinacion con Entidades Federativas · saved copyWhat interest rate does Nuevo Leon pay on its debt?
The weighted average interest rate on Nuevo Leon's registered debt was 7.08% at 30 June 2026, 9th lowest of 31 entities with registered debt (overall: 7.21%), and the weighted average remaining term was 20.3 years, 3rd longest of 31.
Source: Secretaria de Hacienda y Credito Publico (SHCP), Unidad de Coordinacion con Entidades Federativas · saved copyIs Nuevo Leon's debt level sustainable?
In Hacienda's debt Alert System for the second quarter of 2026, Nuevo Leon's debt and obligations equalled 91.0% of its unconditional revenue (ingresos de libre disposicion), in the low range (the low range runs up to 100%) and the highest of 31 entities measured. Debt service took 8.2% of that revenue, in the medium range (low up to 7.5%).
Source: Secretaria de Hacienda y Credito Publico (SHCP), Unidad de Coordinacion con Entidades Federativas · saved copyHow Nuevo Leon compares with other states
State government spending per person (2025)
Nuevo Leon ranks 7 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 |
|---|---|---|
| 4 | Tabasco | 31,117 pesos |
| 5 | Durango | 30,954 pesos |
| 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 |
Federal transfers as a share of state revenue (2025)
Nuevo Leon ranks 31 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 |
|---|---|---|
| 26 | Coahuila | 79.1% |
| 27 | Sonora | 74.7% |
| 28 | Chihuahua | 73.8% |
| 29 | State of Mexico | 73.6% |
| 30 | Quintana Roo | 72.9% |
| 31 | Nuevo Leon | 72.1% |
| 32 | Mexico City | 50.9% |
Own revenue as a share of state revenue (2025)
Nuevo Leon ranks 2 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 |
|---|---|---|
| 1 | Mexico City | 49.1% |
| 2 | Nuevo Leon | 27.9% |
| 3 | Quintana Roo | 27.1% |
| 4 | Chihuahua | 26.2% |
| 5 | State of Mexico | 22.6% |
| 6 | Coahuila | 20.9% |
| 7 | Queretaro | 19.9% |
State taxes collected per person (2025)
Nuevo Leon ranks 3 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 |
|---|---|---|
| 1 | Mexico City | 11,115 pesos |
| 2 | Quintana Roo | 5,094 pesos |
| 3 | Nuevo Leon | 3,436 pesos |
| 4 | Baja California | 3,291 pesos |
| 5 | Queretaro | 2,927 pesos |
| 6 | Baja California Sur | 2,910 pesos |
| 7 | Chihuahua | 2,814 pesos |
Federal participaciones (revenue sharing) per person (2025)
Nuevo Leon ranks 6 of 32, highest first. Participaciones federales received in 2025 (preliminary) per resident
| Rank | Region | Federal participaciones (revenue sharing) per person |
|---|---|---|
| 3 | Campeche | 12,090 pesos |
| 4 | Baja California Sur | 11,834 pesos |
| 5 | Veracruz | 11,721 pesos |
| 6 | Nuevo Leon | 11,160 pesos |
| 7 | Sonora | 10,817 pesos |
| 8 | Chihuahua | 10,526 pesos |
| 9 | Colima | 10,344 pesos |
Federal aportaciones (earmarked transfers) per person (2025)
Nuevo Leon ranks 29 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 |
|---|---|---|
| 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 |
| 31 | State of Mexico | 6,942 pesos |
| 32 | Mexico City | 2,573 pesos |
Personnel costs as a share of state spending (2025)
Nuevo Leon ranks 15 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 |
|---|---|---|
| 12 | Jalisco | 26.8% |
| 13 | State of Mexico | 20.0% |
| 14 | Baja California | 17.8% |
| 15 | Nuevo Leon | 14.7% |
| 16 | Chiapas | 14.3% |
| 17 | Guerrero | 11.8% |
| 18 | Nayarit | 11.7% |
Public investment as a share of state spending (2025)
Nuevo Leon ranks 2 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)
Nuevo Leon ranks 31 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 |
|---|---|---|
| 25 | Coahuila | 14.6% |
| 26 | Sinaloa | 14.6% |
| 27 | Colima | 14.1% |
| 28 | Chihuahua | 13.3% |
| 29 | Durango | 12.7% |
| 30 | Sonora | 12.1% |
| 31 | Nuevo Leon | 11.1% |
Debt service as a share of state spending (2025)
Nuevo Leon ranks 4 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 |
|---|---|---|
| 1 | Durango | 18.5% |
| 2 | Veracruz | 16.1% |
| 3 | Chihuahua | 15.1% |
| 4 | Nuevo Leon | 12.9% |
| 5 | Sonora | 10.5% |
| 6 | Chiapas | 9.2% |
| 7 | Tabasco | 7.9% |
Registered state debt per person (2026-06-30)
Nuevo Leon ranks 1 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 |
|---|---|---|
| 1 | Nuevo Leon | 16,591 pesos |
| 2 | Chihuahua | 13,748 pesos |
| 3 | Mexico City | 11,371 pesos |
| 4 | Coahuila | 10,478 pesos |
| 5 | Sonora | 9,073 pesos |
| 6 | Quintana Roo | 9,057 pesos |
| 7 | Durango | 5,902 pesos |
Debt as a share of unconditional revenue (Alert System indicator 1) (2026-Q2)
Nuevo Leon ranks 1 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) |
|---|---|---|
| 1 | Nuevo Leon | 91.0% |
| 2 | Coahuila | 89.0% |
| 3 | Chihuahua | 87.9% |
| 4 | Sonora | 72.0% |
| 5 | Quintana Roo | 63.5% |
| 6 | Durango | 54.2% |
| 7 | Michoacan | 51.9% |
Debt service as a share of unconditional revenue (Alert System indicator 2) (2026-Q2)
Nuevo Leon ranks 2 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) |
|---|---|---|
| 1 | Chihuahua | 8.5% |
| 2 | Nuevo Leon | 8.2% |
| 3 | Coahuila | 7.7% |
| 4 | Sonora | 7.3% |
| 5 | Chiapas | 6.9% |
| 6 | Quintana Roo | 6.6% |
| 7 | Durango | 6.5% |
Average interest rate on registered state debt (2026-06-30)
Nuevo Leon ranks 23 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 |
|---|---|---|
| 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% |
| 26 | Chiapas | 7.05% |
More on Nuevo Leon: 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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