Government budget and revenue in Queretaro, Mexico: official figures
The Queretaro state government spent 61.5 billion pesos in 2025 according to INEGI's preliminary state public finance statistics, 23,186 pesos per resident, 12th lowest of 32 (all 32 governments combined: 24,691 pesos). Spending was down 1.4% on 2024 and up 63.9% on 2018, before adjusting for inflation.
How much does Queretaro depend on federal money?
Federal transfers made up 80.1% of the Queretaro state government's revenue in 2025 (48.1 billion pesos of 60.0 billion pesos, counting revenue without borrowing), 8th lowest share of 32 (all 32 governments combined: 81.0%). In 2024 the share was 77.5%.
Source: Instituto Nacional de Estadistica y Geografia (INEGI) · saved copyHow much revenue-sharing money does Queretaro get from the federal government?
Queretaro received 26.5 billion pesos in federal participaciones, the revenue-sharing transfers states may spend freely, in 2025: 9,970 pesos per resident, 14th highest of 32 (all 32 governments combined: 10,102 pesos). The General Participation Fund supplied 17.8 billion pesos of it; the total was up 2.0% on 2024.
Source: Instituto Nacional de Estadistica y Geografia (INEGI) · saved copyHow much earmarked federal funding does Queretaro receive?
Earmarked federal transfers (aportaciones, including the Ramo 33 funds and reassigned federal resources) brought Queretaro 21.6 billion pesos in 2025, 8,145 pesos per resident, 7th 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 9.7 billion pesos.
Source: Instituto Nacional de Estadistica y Geografia (INEGI) · saved copyHow much of its own money does Queretaro raise?
The Queretaro state government's own revenue (taxes, fees, products and other own income) was 11.9 billion pesos in 2025, 19.9% of its revenue without borrowing, 7th highest share of 32 (all 32 governments combined: 18.1%). It was down 12.1% on 2024.
Source: Instituto Nacional de Estadistica y Geografia (INEGI) · saved copyHow much tax does the Queretaro government collect?
State taxes raised 7.8 billion pesos in Queretaro in 2025, 2,927 pesos per resident, 5th highest of 32 (all 32 governments combined: 2,402 pesos). The payroll tax (impuesto sobre nomina) supplied 82.7% of tax revenue.
Source: Instituto Nacional de Estadistica y Geografia (INEGI) · saved copyHow much does Queretaro spend on government salaries?
Personnel costs (servicios personales) took 2.6 billion pesos, or 4.2% of the Queretaro state government's spending in 2025, the lowest share of 32 (all 32 governments combined: 20.1%). The bill was up 2.4% on 2024.
Source: Instituto Nacional de Estadistica y Geografia (INEGI) · saved copyHow much does Queretaro invest in public works?
The Queretaro state government spent 2.1 billion pesos on public investment (public works and productive projects) in 2025, 3.4% of its spending, 14th highest share of 32 (all 32 governments combined: 3.4%). In 2024 it spent 3.5 billion pesos.
Source: Instituto Nacional de Estadistica y Geografia (INEGI) · saved copyHow much money does Queretaro give its municipalities?
The Queretaro state government passed 10.0 billion pesos to its municipalities in 2025, 16.2% of its spending, 12th lowest share of 31 states (all 31 states: 17.0%). Of this, 6.6 billion pesos was the municipal share of federal participaciones and 3.4 billion pesos Ramo 33 aportaciones.
Source: Instituto Nacional de Estadistica y Geografia (INEGI) · saved copyHow much does Queretaro pay on its debt each year?
Debt service cost the Queretaro state government 1.1 billion pesos in 2025, 1.8% of its spending, 12th lowest share of 32 (all 32 governments combined: 5.6%). Interest accounted for 188.1 million pesos and principal repayments for 922.3 million pesos.
Source: Instituto Nacional de Estadistica y Geografia (INEGI) · saved copyHow much debt does Queretaro have?
Debt and financial obligations of the Queretaro state government and its public entities registered with Hacienda stood at 1.1 billion pesos on 30 June 2026, 397 pesos per resident, 2nd lowest of 32 (all 32 governments combined: 4,962 pesos). That is down 30.0% from 1.5 billion pesos on 31 December 2025 and 0.2% of all registered state debt.
Source: Secretaria de Hacienda y Credito Publico (SHCP), Unidad de Coordinacion con Entidades Federativas · saved copyWho does Queretaro owe money to?
100% of Queretaro'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 Queretaro pay on its debt?
The weighted average interest rate on Queretaro's registered debt was 6.92% at 30 June 2026, 2nd lowest of 31 entities with registered debt (overall: 7.21%), and the weighted average remaining term was 1.2 years, the shortest of 31.
Source: Secretaria de Hacienda y Credito Publico (SHCP), Unidad de Coordinacion con Entidades Federativas · saved copyIs Queretaro's debt level sustainable?
In Hacienda's debt Alert System for the second quarter of 2026, Queretaro's debt and obligations equalled 3.4% of its unconditional revenue (ingresos de libre disposicion), in the low range (the low range runs up to 100%) and the lowest of 31 entities measured. Debt service took 3.4% 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 Queretaro compares with other states
State government spending per person (2025)
Queretaro ranks 21 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 |
|---|---|---|
| 18 | Chiapas | 23,912 pesos |
| 19 | San Luis Potosi | 23,666 pesos |
| 20 | Baja California | 23,366 pesos |
| 21 | Queretaro | 23,186 pesos |
| 22 | Coahuila | 22,919 pesos |
| 23 | Yucatan | 22,835 pesos |
| 24 | State of Mexico | 22,519 pesos |
Federal transfers as a share of state revenue (2025)
Queretaro ranks 25 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 |
|---|---|---|
| 22 | Jalisco | 85.4% |
| 23 | Tamaulipas | 84.8% |
| 24 | Baja California | 81.3% |
| 25 | Queretaro | 80.1% |
| 26 | Coahuila | 79.1% |
| 27 | Sonora | 74.7% |
| 28 | Chihuahua | 73.8% |
Own revenue as a share of state revenue (2025)
Queretaro ranks 7 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 |
|---|---|---|
| 4 | Chihuahua | 26.2% |
| 5 | State of Mexico | 22.6% |
| 6 | Coahuila | 20.9% |
| 7 | Queretaro | 19.9% |
| 8 | Baja California | 18.7% |
| 9 | Tamaulipas | 15.2% |
| 10 | Jalisco | 14.6% |
State taxes collected per person (2025)
Queretaro ranks 5 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 |
|---|---|---|
| 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 |
| 8 | Sonora | 2,637 pesos |
Federal participaciones (revenue sharing) per person (2025)
Queretaro ranks 14 of 32, highest first. Participaciones federales received in 2025 (preliminary) per resident
| Rank | Region | Federal participaciones (revenue sharing) per person |
|---|---|---|
| 11 | Baja California | 10,269 pesos |
| 12 | State of Mexico | 10,208 pesos |
| 13 | Jalisco | 9,971 pesos |
| 14 | Queretaro | 9,970 pesos |
| 15 | Nayarit | 9,884 pesos |
| 16 | Aguascalientes | 9,789 pesos |
| 17 | Sinaloa | 9,779 pesos |
Federal aportaciones (earmarked transfers) per person (2025)
Queretaro ranks 26 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 |
|---|---|---|
| 23 | Coahuila | 9,388 pesos |
| 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 |
Personnel costs as a share of state spending (2025)
Queretaro ranks 32 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)
Queretaro ranks 14 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 |
|---|---|---|
| 11 | Tamaulipas | 3.5% |
| 12 | Guanajuato | 3.5% |
| 13 | Baja California | 3.4% |
| 14 | Queretaro | 3.4% |
| 15 | Puebla | 2.9% |
| 16 | Aguascalientes | 2.8% |
| 17 | Zacatecas | 2.6% |
Share of state spending passed to municipalities (2025)
Queretaro ranks 20 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 |
|---|---|---|
| 17 | Yucatan | 16.9% |
| 18 | San Luis Potosi | 16.6% |
| 19 | Quintana Roo | 16.3% |
| 20 | Queretaro | 16.2% |
| 21 | Aguascalientes | 16.1% |
| 22 | Nayarit | 15.9% |
| 23 | Tamaulipas | 15.9% |
Debt service as a share of state spending (2025)
Queretaro ranks 21 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 |
|---|---|---|
| 18 | Jalisco | 2.1% |
| 19 | Guanajuato | 2.0% |
| 20 | Zacatecas | 2.0% |
| 21 | Queretaro | 1.8% |
| 22 | Yucatan | 1.8% |
| 23 | Oaxaca | 1.7% |
| 24 | Morelos | 1.6% |
Registered state debt per person (2026-06-30)
Queretaro ranks 31 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 |
|---|---|---|
| 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 |
| 32 | Tlaxcala | 0 pesos |
Debt as a share of unconditional revenue (Alert System indicator 1) (2026-Q2)
Queretaro ranks 31 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)
Queretaro ranks 20 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) |
|---|---|---|
| 17 | Guanajuato | 3.7% |
| 18 | Oaxaca | 3.7% |
| 19 | Morelos | 3.5% |
| 20 | Queretaro | 3.4% |
| 21 | Sinaloa | 3.4% |
| 22 | Aguascalientes | 3.1% |
| 23 | Jalisco | 3.1% |
Average interest rate on registered state debt (2026-06-30)
Queretaro ranks 30 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 Queretaro: 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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