Government budget and revenue in Zacatecas, Mexico: official figures
The Zacatecas state government spent 43.1 billion pesos in 2025 according to INEGI's preliminary state public finance statistics, 25,136 pesos per resident, 12th highest of 32 (all 32 governments combined: 24,691 pesos). Spending was up 1.2% on 2024 and up 23.2% on 2018, before adjusting for inflation.
How much does Zacatecas depend on federal money?
Federal transfers made up 89.9% of the Zacatecas state government's revenue in 2025 (39.7 billion pesos of 44.1 billion pesos, counting revenue without borrowing), 11th highest share of 32 (all 32 governments combined: 81.0%). In 2024 the share was 90.1%.
Source: Instituto Nacional de Estadistica y Geografia (INEGI) · saved copyHow much revenue-sharing money does Zacatecas get from the federal government?
Zacatecas received 15.8 billion pesos in federal participaciones, the revenue-sharing transfers states may spend freely, in 2025: 9,227 pesos per resident, 10th lowest of 32 (all 32 governments combined: 10,102 pesos). The General Participation Fund supplied 11.4 billion pesos of it; the total was up 6.8% on 2024.
Source: Instituto Nacional de Estadistica y Geografia (INEGI) · saved copyHow much earmarked federal funding does Zacatecas receive?
Earmarked federal transfers (aportaciones, including the Ramo 33 funds and reassigned federal resources) brought Zacatecas 23.9 billion pesos in 2025, 13,926 pesos per resident, 6th 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 10.3 billion pesos.
Source: Instituto Nacional de Estadistica y Geografia (INEGI) · saved copyHow much of its own money does Zacatecas raise?
The Zacatecas state government's own revenue (taxes, fees, products and other own income) was 4.5 billion pesos in 2025, 10.1% of its revenue without borrowing, 11th lowest share of 32 (all 32 governments combined: 18.1%). It was up 5.5% on 2024.
Source: Instituto Nacional de Estadistica y Geografia (INEGI) · saved copyHow much tax does the Zacatecas government collect?
State taxes raised 2.6 billion pesos in Zacatecas in 2025, 1,512 pesos per resident, 13th lowest of 32 (all 32 governments combined: 2,402 pesos). The payroll tax (impuesto sobre nomina) supplied 67.3% of tax revenue.
Source: Instituto Nacional de Estadistica y Geografia (INEGI) · saved copyHow much does Zacatecas spend on government salaries?
Personnel costs (servicios personales) took 16.4 billion pesos, or 38.2% of the Zacatecas state government's spending in 2025, the highest share of 32 (all 32 governments combined: 20.1%). The bill was up 7.2% on 2024.
Source: Instituto Nacional de Estadistica y Geografia (INEGI) · saved copyHow much does Zacatecas invest in public works?
The Zacatecas state government spent 1.1 billion pesos on public investment (public works and productive projects) in 2025, 2.6% of its spending, 16th lowest share of 32 (all 32 governments combined: 3.4%). In 2024 it spent 525.1 million pesos.
Source: Instituto Nacional de Estadistica y Geografia (INEGI) · saved copyHow much money does Zacatecas give its municipalities?
The Zacatecas state government passed 7.4 billion pesos to its municipalities in 2025, 17.2% of its spending, 15th highest share of 31 states (all 31 states: 17.0%). Of this, 4.4 billion pesos was the municipal share of federal participaciones and 2.7 billion pesos Ramo 33 aportaciones.
Source: Instituto Nacional de Estadistica y Geografia (INEGI) · saved copyHow much does Zacatecas pay on its debt each year?
Debt service cost the Zacatecas state government 848.3 million pesos in 2025, 2.0% of its spending, 13th lowest share of 32 (all 32 governments combined: 5.6%). Interest accounted for 629.2 million pesos and principal repayments for 189.2 million pesos, and payments of bills left from earlier years (ADEFAS) for 29.3 million pesos.
Source: Instituto Nacional de Estadistica y Geografia (INEGI) · saved copyHow much debt does Zacatecas have?
Debt and financial obligations of the Zacatecas state government and its public entities registered with Hacienda stood at 6.2 billion pesos on 30 June 2026, 3,592 pesos per resident, 15th highest of 32 (all 32 governments combined: 4,962 pesos). That is down 1.7% from 6.3 billion pesos on 31 December 2025 and 0.9% of all registered state debt.
Source: Secretaria de Hacienda y Credito Publico (SHCP), Unidad de Coordinacion con Entidades Federativas · saved copyWho does Zacatecas owe money to?
100% of Zacatecas' registered debt at 30 June 2026 was backed by its federal participaciones as the source of payment. By lender: commercial banks 55%, development banks 45%.
Source: Secretaria de Hacienda y Credito Publico (SHCP), Unidad de Coordinacion con Entidades Federativas · saved copyWhat interest rate does Zacatecas pay on its debt?
The weighted average interest rate on Zacatecas' registered debt was 7.71% at 30 June 2026, the highest of 31 entities with registered debt (overall: 7.21%), and the weighted average remaining term was 11.0 years, 10th shortest of 31.
Source: Secretaria de Hacienda y Credito Publico (SHCP), Unidad de Coordinacion con Entidades Federativas · saved copyIs Zacatecas' debt level sustainable?
In Hacienda's debt Alert System for the second quarter of 2026, Zacatecas' debt and obligations equalled 37.0% of its unconditional revenue (ingresos de libre disposicion), in the low range (the low range runs up to 100%) and tied for 15th highest of 31 entities measured. Debt service took 4.4% 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 Zacatecas compares with other states
State government spending per person (2025)
Zacatecas ranks 12 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 |
|---|---|---|
| 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 |
| 15 | Quintana Roo | 24,447 pesos |
Federal transfers as a share of state revenue (2025)
Zacatecas ranks 11 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 |
|---|---|---|
| 8 | Tabasco | 90.5% |
| 9 | Puebla | 90.3% |
| 10 | Hidalgo | 90.1% |
| 11 | Zacatecas | 89.9% |
| 12 | Colima | 89.6% |
| 13 | Aguascalientes | 89.3% |
| 14 | San Luis Potosi | 89.2% |
Own revenue as a share of state revenue (2025)
Zacatecas ranks 22 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 |
|---|---|---|
| 19 | San Luis Potosi | 10.8% |
| 20 | Aguascalientes | 10.7% |
| 21 | Colima | 10.4% |
| 22 | Zacatecas | 10.1% |
| 23 | Hidalgo | 9.9% |
| 24 | Puebla | 9.7% |
| 25 | Tabasco | 9.5% |
State taxes collected per person (2025)
Zacatecas ranks 20 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 |
|---|---|---|
| 17 | Yucatan | 1,787 pesos |
| 18 | Jalisco | 1,671 pesos |
| 19 | Aguascalientes | 1,562 pesos |
| 20 | Zacatecas | 1,512 pesos |
| 21 | Tabasco | 1,409 pesos |
| 22 | San Luis Potosi | 1,357 pesos |
| 23 | Sinaloa | 1,270 pesos |
Federal participaciones (revenue sharing) per person (2025)
Zacatecas ranks 23 of 32, highest first. Participaciones federales received in 2025 (preliminary) per resident
| Rank | Region | Federal participaciones (revenue sharing) per person |
|---|---|---|
| 20 | Coahuila | 9,446 pesos |
| 21 | Tamaulipas | 9,327 pesos |
| 22 | Yucatan | 9,275 pesos |
| 23 | Zacatecas | 9,227 pesos |
| 24 | Tlaxcala | 9,194 pesos |
| 25 | Guanajuato | 9,012 pesos |
| 26 | Oaxaca | 8,758 pesos |
Federal aportaciones (earmarked transfers) per person (2025)
Zacatecas ranks 6 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 |
|---|---|---|
| 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 |
| 9 | Durango | 12,461 pesos |
Personnel costs as a share of state spending (2025)
Zacatecas ranks 1 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 |
|---|---|---|
| 1 | Zacatecas | 38.2% |
| 2 | Michoacan | 37.2% |
| 3 | Puebla | 36.5% |
| 4 | Veracruz | 36.4% |
| 5 | Tamaulipas | 36.3% |
| 6 | Tabasco | 33.3% |
| 7 | Durango | 33.1% |
Public investment as a share of state spending (2025)
Zacatecas ranks 17 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 |
|---|---|---|
| 14 | Queretaro | 3.4% |
| 15 | Puebla | 2.9% |
| 16 | Aguascalientes | 2.8% |
| 17 | Zacatecas | 2.6% |
| 18 | Chiapas | 2.5% |
| 19 | Nayarit | 2.5% |
| 20 | Oaxaca | 2.3% |
Share of state spending passed to municipalities (2025)
Zacatecas ranks 15 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 |
|---|---|---|
| 12 | Hidalgo | 17.3% |
| 13 | Michoacan | 17.3% |
| 14 | Guanajuato | 17.2% |
| 15 | Zacatecas | 17.2% |
| 16 | State of Mexico | 17.0% |
| 17 | Yucatan | 16.9% |
| 18 | San Luis Potosi | 16.6% |
Debt service as a share of state spending (2025)
Zacatecas ranks 20 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 |
|---|---|---|
| 17 | Nayarit | 2.1% |
| 18 | Jalisco | 2.1% |
| 19 | Guanajuato | 2.0% |
| 20 | Zacatecas | 2.0% |
| 21 | Queretaro | 1.8% |
| 22 | Yucatan | 1.8% |
| 23 | Oaxaca | 1.7% |
Registered state debt per person (2026-06-30)
Zacatecas ranks 15 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 |
|---|---|---|
| 12 | Aguascalientes | 4,561 pesos |
| 13 | Michoacan | 4,368 pesos |
| 14 | Tamaulipas | 4,313 pesos |
| 15 | Zacatecas | 3,592 pesos |
| 16 | Yucatan | 3,590 pesos |
| 17 | State of Mexico | 3,411 pesos |
| 18 | Oaxaca | 3,336 pesos |
Debt as a share of unconditional revenue (Alert System indicator 1) (2026-Q2)
Zacatecas ranks 16 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) |
|---|---|---|
| 13 | Mexico City | 38.5% |
| 14 | Tamaulipas | 37.5% |
| 15 | Yucatan | 37.0% |
| 16 | Zacatecas | 37.0% |
| 17 | Oaxaca | 36.6% |
| 18 | Chiapas | 34.9% |
| 19 | Morelos | 34.6% |
Debt service as a share of unconditional revenue (Alert System indicator 2) (2026-Q2)
Zacatecas ranks 14 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) |
|---|---|---|
| 11 | Baja California | 4.5% |
| 12 | Colima | 4.5% |
| 13 | Yucatan | 4.5% |
| 14 | Zacatecas | 4.4% |
| 15 | Michoacan | 4.3% |
| 16 | Tamaulipas | 3.9% |
| 17 | Guanajuato | 3.7% |
Average interest rate on registered state debt (2026-06-30)
Zacatecas ranks 1 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 |
|---|---|---|
| 1 | Zacatecas | 7.71% |
| 2 | Aguascalientes | 7.47% |
| 3 | Nayarit | 7.45% |
| 4 | Colima | 7.45% |
| 5 | Guerrero | 7.44% |
| 6 | Mexico City | 7.42% |
| 7 | Baja California Sur | 7.42% |
More on Zacatecas: 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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