Government budget and revenue in Sinaloa, Mexico: official figures
The Sinaloa state government spent 80.2 billion pesos in 2025 according to INEGI's preliminary state public finance statistics, 25,175 pesos per resident, 11th highest of 32 (all 32 governments combined: 24,691 pesos). Spending was up 1.6% on 2024 and up 32.1% on 2018, before adjusting for inflation.
How much does Sinaloa depend on federal money?
Federal transfers made up 87.7% of the Sinaloa state government's revenue in 2025 (69.0 billion pesos of 78.7 billion pesos, counting revenue without borrowing), 16th lowest share of 32 (all 32 governments combined: 81.0%). In 2024 the share was 85.2%.
Source: Instituto Nacional de Estadistica y Geografia (INEGI) · saved copyHow much revenue-sharing money does Sinaloa get from the federal government?
Sinaloa received 31.2 billion pesos in federal participaciones, the revenue-sharing transfers states may spend freely, in 2025: 9,779 pesos per resident, 16th lowest of 32 (all 32 governments combined: 10,102 pesos). The General Participation Fund supplied 22.3 billion pesos of it; the total was up 4.2% on 2024.
Source: Instituto Nacional de Estadistica y Geografia (INEGI) · saved copyHow much earmarked federal funding does Sinaloa receive?
Earmarked federal transfers (aportaciones, including the Ramo 33 funds and reassigned federal resources) brought Sinaloa 37.8 billion pesos in 2025, 11,871 pesos per resident, 11th 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 16.2 billion pesos.
Source: Instituto Nacional de Estadistica y Geografia (INEGI) · saved copyHow much of its own money does Sinaloa raise?
The Sinaloa state government's own revenue (taxes, fees, products and other own income) was 9.6 billion pesos in 2025, 12.1% of its revenue without borrowing, 16th highest share of 32 (all 32 governments combined: 18.1%). It was down 18.6% on 2024.
Source: Instituto Nacional de Estadistica y Geografia (INEGI) · saved copyHow much tax does the Sinaloa government collect?
State taxes raised 4.0 billion pesos in Sinaloa in 2025, 1,270 pesos per resident, 10th lowest of 32 (all 32 governments combined: 2,402 pesos). The payroll tax (impuesto sobre nomina) supplied 81.8% of tax revenue.
Source: Instituto Nacional de Estadistica y Geografia (INEGI) · saved copyHow much does Sinaloa spend on government salaries?
Personnel costs (servicios personales) took 7.9 billion pesos, or 9.8% of the Sinaloa state government's spending in 2025, 8th lowest share of 32 (all 32 governments combined: 20.1%). The bill was up 7.1% on 2024.
Source: Instituto Nacional de Estadistica y Geografia (INEGI) · saved copyHow much does Sinaloa invest in public works?
The Sinaloa state government spent 3.5 billion pesos on public investment (public works and productive projects) in 2025, 4.3% of its spending, 7th highest share of 32 (all 32 governments combined: 3.4%). In 2024 it spent 4.2 billion pesos.
Source: Instituto Nacional de Estadistica y Geografia (INEGI) · saved copyHow much money does Sinaloa give its municipalities?
The Sinaloa state government passed 11.7 billion pesos to its municipalities in 2025, 14.6% of its spending, 6th lowest share of 31 states (all 31 states: 17.0%). Of this, 7.5 billion pesos was the municipal share of federal participaciones and 4.1 billion pesos Ramo 33 aportaciones.
Source: Instituto Nacional de Estadistica y Geografia (INEGI) · saved copyHow much does Sinaloa pay on its debt each year?
Debt service cost the Sinaloa state government 895.4 million pesos in 2025, 1.1% of its spending, 5th lowest share of 32 (all 32 governments combined: 5.6%). Interest accounted for 435.9 million pesos and principal repayments for 455.7 million pesos.
Source: Instituto Nacional de Estadistica y Geografia (INEGI) · saved copyHow much debt does Sinaloa have?
Debt and financial obligations of the Sinaloa state government and its public entities registered with Hacienda stood at 6.9 billion pesos on 30 June 2026, 2,137 pesos per resident, 11th lowest of 32 (all 32 governments combined: 4,962 pesos). That is down 9.1% from 7.5 billion pesos on 31 December 2025 and 1.0% of all registered state debt.
Source: Secretaria de Hacienda y Credito Publico (SHCP), Unidad de Coordinacion con Entidades Federativas · saved copyWho does Sinaloa owe money to?
70% of Sinaloa's registered debt at 30 June 2026 was backed by its federal participaciones as the source of payment. By lender: commercial banks 97%, development banks 3%.
Source: Secretaria de Hacienda y Credito Publico (SHCP), Unidad de Coordinacion con Entidades Federativas · saved copyWhat interest rate does Sinaloa pay on its debt?
The weighted average interest rate on Sinaloa's registered debt was 7.13% at 30 June 2026, 12th lowest of 31 entities with registered debt (overall: 7.21%), and the weighted average remaining term was 9.0 years, 8th shortest of 31.
Source: Secretaria de Hacienda y Credito Publico (SHCP), Unidad de Coordinacion con Entidades Federativas · saved copyIs Sinaloa's debt level sustainable?
In Hacienda's debt Alert System for the second quarter of 2026, Sinaloa's debt and obligations equalled 21.9% of its unconditional revenue (ingresos de libre disposicion), in the low range (the low range runs up to 100%) and 9th 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 Sinaloa compares with other states
State government spending per person (2025)
Sinaloa ranks 11 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 |
|---|---|---|
| 8 | Campeche | 29,329 pesos |
| 9 | Colima | 29,192 pesos |
| 10 | Nayarit | 25,300 pesos |
| 11 | Sinaloa | 25,175 pesos |
| 12 | Zacatecas | 25,136 pesos |
| 13 | Guerrero | 24,989 pesos |
| 14 | Oaxaca | 24,968 pesos |
Federal transfers as a share of state revenue (2025)
Sinaloa ranks 17 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 |
|---|---|---|
| 14 | San Luis Potosi | 89.2% |
| 15 | Nayarit | 88.7% |
| 16 | Durango | 88.0% |
| 17 | Sinaloa | 87.7% |
| 18 | Campeche | 87.2% |
| 19 | Baja California Sur | 86.4% |
| 20 | Yucatan | 86.0% |
Own revenue as a share of state revenue (2025)
Sinaloa ranks 16 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 |
|---|---|---|
| 13 | Baja California Sur | 13.6% |
| 14 | Sonora | 13.3% |
| 15 | Campeche | 12.8% |
| 16 | Sinaloa | 12.1% |
| 17 | Durango | 12.0% |
| 18 | Nayarit | 10.9% |
| 19 | San Luis Potosi | 10.8% |
State taxes collected per person (2025)
Sinaloa ranks 23 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 |
|---|---|---|
| 20 | Zacatecas | 1,512 pesos |
| 21 | Tabasco | 1,409 pesos |
| 22 | San Luis Potosi | 1,357 pesos |
| 23 | Sinaloa | 1,270 pesos |
| 24 | Puebla | 1,161 pesos |
| 25 | Veracruz | 990 pesos |
| 26 | Hidalgo | 952 pesos |
Federal participaciones (revenue sharing) per person (2025)
Sinaloa ranks 17 of 32, highest first. Participaciones federales received in 2025 (preliminary) per resident
| Rank | Region | Federal participaciones (revenue sharing) per person |
|---|---|---|
| 14 | Queretaro | 9,970 pesos |
| 15 | Nayarit | 9,884 pesos |
| 16 | Aguascalientes | 9,789 pesos |
| 17 | Sinaloa | 9,779 pesos |
| 18 | Durango | 9,659 pesos |
| 19 | San Luis Potosi | 9,489 pesos |
| 20 | Coahuila | 9,446 pesos |
Federal aportaciones (earmarked transfers) per person (2025)
Sinaloa ranks 11 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 |
|---|---|---|
| 8 | Nayarit | 12,650 pesos |
| 9 | Durango | 12,461 pesos |
| 10 | Chiapas | 12,018 pesos |
| 11 | Sinaloa | 11,871 pesos |
| 12 | San Luis Potosi | 11,606 pesos |
| 13 | Tlaxcala | 11,493 pesos |
| 14 | Hidalgo | 11,417 pesos |
Personnel costs as a share of state spending (2025)
Sinaloa ranks 25 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 |
|---|---|---|
| 22 | Sonora | 11.0% |
| 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% |
Public investment as a share of state spending (2025)
Sinaloa ranks 7 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 |
|---|---|---|
| 4 | Tlaxcala | 5.8% |
| 5 | Michoacan | 5.6% |
| 6 | Coahuila | 5.3% |
| 7 | Sinaloa | 4.3% |
| 8 | Jalisco | 4.1% |
| 9 | Campeche | 4.0% |
| 10 | Mexico City | 3.5% |
Share of state spending passed to municipalities (2025)
Sinaloa ranks 26 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 |
|---|---|---|
| 23 | Tamaulipas | 15.9% |
| 24 | Baja California | 15.4% |
| 25 | Coahuila | 14.6% |
| 26 | Sinaloa | 14.6% |
| 27 | Colima | 14.1% |
| 28 | Chihuahua | 13.3% |
| 29 | Durango | 12.7% |
Debt service as a share of state spending (2025)
Sinaloa ranks 28 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 |
|---|---|---|
| 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% |
| 31 | Guerrero | 0.2% |
Registered state debt per person (2026-06-30)
Sinaloa ranks 22 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 |
|---|---|---|
| 19 | Jalisco | 3,264 pesos |
| 20 | Chiapas | 2,969 pesos |
| 21 | Morelos | 2,932 pesos |
| 22 | Sinaloa | 2,137 pesos |
| 23 | San Luis Potosi | 2,043 pesos |
| 24 | Campeche | 2,043 pesos |
| 25 | Tabasco | 1,974 pesos |
Debt as a share of unconditional revenue (Alert System indicator 1) (2026-Q2)
Sinaloa ranks 23 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) |
|---|---|---|
| 20 | State of Mexico | 27.9% |
| 21 | Jalisco | 26.9% |
| 22 | San Luis Potosi | 23.8% |
| 23 | Sinaloa | 21.9% |
| 24 | Campeche | 20.0% |
| 25 | Guanajuato | 18.1% |
| 26 | Tabasco | 15.0% |
Debt service as a share of unconditional revenue (Alert System indicator 2) (2026-Q2)
Sinaloa ranks 21 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) |
|---|---|---|
| 18 | Oaxaca | 3.7% |
| 19 | Morelos | 3.5% |
| 20 | Queretaro | 3.4% |
| 21 | Sinaloa | 3.4% |
| 22 | Aguascalientes | 3.1% |
| 23 | Jalisco | 3.1% |
| 24 | State of Mexico | 3.0% |
Average interest rate on registered state debt (2026-06-30)
Sinaloa ranks 20 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 |
|---|---|---|
| 17 | Guanajuato | 7.21% |
| 18 | Tamaulipas | 7.17% |
| 19 | Tabasco | 7.14% |
| 20 | Sinaloa | 7.13% |
| 21 | Puebla | 7.13% |
| 22 | Hidalgo | 7.09% |
| 23 | Nuevo Leon | 7.08% |
More on Sinaloa: 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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