Government budget and revenue in Oaxaca, Mexico: official figures
The Oaxaca state government spent 108.3 billion pesos in 2025 according to INEGI's preliminary state public finance statistics, 24,968 pesos per resident, 14th highest of 32 (all 32 governments combined: 24,691 pesos). Spending was down 10.5% on 2024 and up 20.9% on 2018, before adjusting for inflation.
How much does Oaxaca depend on federal money?
Federal transfers made up 93.5% of the Oaxaca state government's revenue in 2025 (98.8 billion pesos of 105.7 billion pesos, counting revenue without borrowing), 2nd highest share of 32 (all 32 governments combined: 81.0%). In 2024 the share was 93.9%.
Source: Instituto Nacional de Estadistica y Geografia (INEGI) · saved copyHow much revenue-sharing money does Oaxaca get from the federal government?
Oaxaca received 38.0 billion pesos in federal participaciones, the revenue-sharing transfers states may spend freely, in 2025: 8,758 pesos per resident, 7th lowest of 32 (all 32 governments combined: 10,102 pesos). The General Participation Fund supplied 28.6 billion pesos of it; the total was up 4.0% on 2024.
Source: Instituto Nacional de Estadistica y Geografia (INEGI) · saved copyHow much earmarked federal funding does Oaxaca receive?
Earmarked federal transfers (aportaciones, including the Ramo 33 funds and reassigned federal resources) brought Oaxaca 60.8 billion pesos in 2025, 14,003 pesos per resident, 5th 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 31.0 billion pesos.
Source: Instituto Nacional de Estadistica y Geografia (INEGI) · saved copyHow much of its own money does Oaxaca raise?
The Oaxaca state government's own revenue (taxes, fees, products and other own income) was 6.9 billion pesos in 2025, 6.5% of its revenue without borrowing, 2nd lowest share of 32 (all 32 governments combined: 18.1%). It was up 3.0% on 2024.
Source: Instituto Nacional de Estadistica y Geografia (INEGI) · saved copyHow much tax does the Oaxaca government collect?
State taxes raised 2.4 billion pesos in Oaxaca in 2025, 558 pesos per resident, 2nd lowest of 32 (all 32 governments combined: 2,402 pesos). The payroll tax (impuesto sobre nomina) supplied 73.1% of tax revenue.
Source: Instituto Nacional de Estadistica y Geografia (INEGI) · saved copyHow much does Oaxaca spend on government salaries?
Personnel costs (servicios personales) took 8.7 billion pesos, or 8.1% of the Oaxaca state government's spending in 2025, 7th lowest share of 32 (all 32 governments combined: 20.1%). The bill was up 8.6% on 2024.
Source: Instituto Nacional de Estadistica y Geografia (INEGI) · saved copyHow much does Oaxaca invest in public works?
The Oaxaca state government spent 2.5 billion pesos on public investment (public works and productive projects) in 2025, 2.3% of its spending, 13th lowest share of 32 (all 32 governments combined: 3.4%). In 2024 it spent 2.2 billion pesos.
Source: Instituto Nacional de Estadistica y Geografia (INEGI) · saved copyHow much money does Oaxaca give its municipalities?
The Oaxaca state government passed 22.1 billion pesos to its municipalities in 2025, 20.4% of its spending, 5th highest share of 31 states (all 31 states: 17.0%). Of this, 8.9 billion pesos was the municipal share of federal participaciones and 13.0 billion pesos Ramo 33 aportaciones.
Source: Instituto Nacional de Estadistica y Geografia (INEGI) · saved copyHow much does Oaxaca pay on its debt each year?
Debt service cost the Oaxaca state government 1.8 billion pesos in 2025, 1.7% of its spending, 10th lowest share of 32 (all 32 governments combined: 5.6%). Interest accounted for 1.5 billion pesos and principal repayments for 225.9 million pesos.
Source: Instituto Nacional de Estadistica y Geografia (INEGI) · saved copyHow much debt does Oaxaca have?
Debt and financial obligations of the Oaxaca state government and its public entities registered with Hacienda stood at 14.6 billion pesos on 30 June 2026, 3,336 pesos per resident, 15th lowest of 32 (all 32 governments combined: 4,962 pesos). That is down 0.8% from 14.7 billion pesos on 31 December 2025 and 2.2% of all registered state debt.
Source: Secretaria de Hacienda y Credito Publico (SHCP), Unidad de Coordinacion con Entidades Federativas · saved copyWho does Oaxaca owe money to?
83% of Oaxaca's registered debt at 30 June 2026 was backed by its federal participaciones as the source of payment. By lender: development banks 58%, commercial banks 42%.
Source: Secretaria de Hacienda y Credito Publico (SHCP), Unidad de Coordinacion con Entidades Federativas · saved copyWhat interest rate does Oaxaca pay on its debt?
The weighted average interest rate on Oaxaca's registered debt was 7.04% at 30 June 2026, 4th lowest of 31 entities with registered debt (overall: 7.21%), and the weighted average remaining term was 17.9 years, 6th longest of 31.
Source: Secretaria de Hacienda y Credito Publico (SHCP), Unidad de Coordinacion con Entidades Federativas · saved copyIs Oaxaca's debt level sustainable?
In Hacienda's debt Alert System for the second quarter of 2026, Oaxaca's debt and obligations equalled 36.6% of its unconditional revenue (ingresos de libre disposicion), in the low range (the low range runs up to 100%) and 15th 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 Oaxaca compares with other states
State government spending per person (2025)
Oaxaca ranks 14 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 |
|---|---|---|
| 11 | Sinaloa | 25,175 pesos |
| 12 | Zacatecas | 25,136 pesos |
| 13 | Guerrero | 24,989 pesos |
| 14 | Oaxaca | 24,968 pesos |
| 15 | Quintana Roo | 24,447 pesos |
| 16 | Aguascalientes | 24,385 pesos |
| 17 | Veracruz | 24,214 pesos |
Federal transfers as a share of state revenue (2025)
Oaxaca ranks 2 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 |
|---|---|---|
| 1 | Guerrero | 96.0% |
| 2 | Oaxaca | 93.5% |
| 3 | Tlaxcala | 92.8% |
| 4 | Michoacan | 92.1% |
| 5 | Veracruz | 91.8% |
| 6 | Chiapas | 90.8% |
| 7 | Morelos | 90.8% |
Own revenue as a share of state revenue (2025)
Oaxaca ranks 31 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 |
|---|---|---|
| 26 | Chiapas | 9.2% |
| 27 | Morelos | 8.8% |
| 28 | Michoacan | 7.9% |
| 29 | Veracruz | 6.9% |
| 30 | Tlaxcala | 6.7% |
| 31 | Oaxaca | 6.5% |
| 32 | Guerrero | 4.0% |
State taxes collected per person (2025)
Oaxaca ranks 31 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 |
|---|---|---|
| 26 | Hidalgo | 952 pesos |
| 27 | Guerrero | 815 pesos |
| 28 | Michoacan | 815 pesos |
| 29 | Tlaxcala | 779 pesos |
| 30 | Morelos | 752 pesos |
| 31 | Oaxaca | 558 pesos |
| 32 | Chiapas | 485 pesos |
Federal participaciones (revenue sharing) per person (2025)
Oaxaca ranks 26 of 32, highest first. Participaciones federales received in 2025 (preliminary) per resident
| Rank | Region | Federal participaciones (revenue sharing) per person |
|---|---|---|
| 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 |
| 29 | Guerrero | 8,338 pesos |
Federal aportaciones (earmarked transfers) per person (2025)
Oaxaca ranks 5 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 |
|---|---|---|
| 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 |
| 8 | Nayarit | 12,650 pesos |
Personnel costs as a share of state spending (2025)
Oaxaca ranks 26 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 |
|---|---|---|
| 23 | Chihuahua | 10.8% |
| 24 | Colima | 9.8% |
| 25 | Sinaloa | 9.8% |
| 26 | Oaxaca | 8.1% |
| 27 | Baja California Sur | 7.7% |
| 28 | Aguascalientes | 6.6% |
| 29 | Hidalgo | 5.3% |
Public investment as a share of state spending (2025)
Oaxaca ranks 20 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 |
|---|---|---|
| 17 | Zacatecas | 2.6% |
| 18 | Chiapas | 2.5% |
| 19 | Nayarit | 2.5% |
| 20 | Oaxaca | 2.3% |
| 21 | Baja California Sur | 2.3% |
| 22 | Colima | 2.2% |
| 23 | Tabasco | 2.1% |
Share of state spending passed to municipalities (2025)
Oaxaca ranks 5 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 |
|---|---|---|
| 2 | Campeche | 21.5% |
| 3 | Jalisco | 21.1% |
| 4 | Guerrero | 21.1% |
| 5 | Oaxaca | 20.4% |
| 6 | Baja California Sur | 20.0% |
| 7 | Puebla | 19.3% |
| 8 | Morelos | 18.9% |
Debt service as a share of state spending (2025)
Oaxaca ranks 23 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 |
|---|---|---|
| 20 | Zacatecas | 2.0% |
| 21 | Queretaro | 1.8% |
| 22 | Yucatan | 1.8% |
| 23 | Oaxaca | 1.7% |
| 24 | Morelos | 1.6% |
| 25 | Puebla | 1.5% |
| 26 | Aguascalientes | 1.2% |
Registered state debt per person (2026-06-30)
Oaxaca ranks 18 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 |
|---|---|---|
| 15 | Zacatecas | 3,592 pesos |
| 16 | Yucatan | 3,590 pesos |
| 17 | State of Mexico | 3,411 pesos |
| 18 | Oaxaca | 3,336 pesos |
| 19 | Jalisco | 3,264 pesos |
| 20 | Chiapas | 2,969 pesos |
| 21 | Morelos | 2,932 pesos |
Debt as a share of unconditional revenue (Alert System indicator 1) (2026-Q2)
Oaxaca ranks 17 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) |
|---|---|---|
| 14 | Tamaulipas | 37.5% |
| 15 | Yucatan | 37.0% |
| 16 | Zacatecas | 37.0% |
| 17 | Oaxaca | 36.6% |
| 18 | Chiapas | 34.9% |
| 19 | Morelos | 34.6% |
| 20 | State of Mexico | 27.9% |
Debt service as a share of unconditional revenue (Alert System indicator 2) (2026-Q2)
Oaxaca ranks 18 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) |
|---|---|---|
| 15 | Michoacan | 4.3% |
| 16 | Tamaulipas | 3.9% |
| 17 | Guanajuato | 3.7% |
| 18 | Oaxaca | 3.7% |
| 19 | Morelos | 3.5% |
| 20 | Queretaro | 3.4% |
| 21 | Sinaloa | 3.4% |
Average interest rate on registered state debt (2026-06-30)
Oaxaca ranks 28 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 |
|---|---|---|
| 25 | Yucatan | 7.06% |
| 26 | Chiapas | 7.05% |
| 27 | Jalisco | 7.05% |
| 28 | Oaxaca | 7.04% |
| 29 | Chihuahua | 6.94% |
| 30 | Queretaro | 6.92% |
| 31 | Veracruz | 6.34% |
More on Oaxaca: 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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