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Strong Taxes, Weak Oil: The Tug-of-War Defining Mexico’s 2025 Finances
['Juan Martinez']
The Rio Times
From January to August, total public revenues grew 2.6% year on year yet still missed the plan by roughly 118 billion pesos (about $6.45 billion).
Oil revenues reached about 598.6 billion pesos (around $32.75 billion), down 15.8% from a year earlier and far below what the government programmed.
When fewer barrels leave the ground or the coast, fewer pesos reach the treasury.
Collections rose 6.5% and beat plan by about 88.7 billion pesos.
Beyond taxes and oil, non-tax revenues were up, social-security contributions inched higher, and the state power utility’s reported income fell.