12 Articles
12 Articles
Mexico Slashes Pemex Aid by 70% to $4.8 Billion in Budget
Mexico’s government aims to reduce financial support for state-owned oil company Petroleos Mexicanos’ debt payments to 81.1 billion pesos ($4.8 billion) in 2027, down by nearly 70% from the amount budgeted this year.
The federal government estimates a financial surplus of 95.1 mmdp in Pemex; CFE records 25 mmdp
The PEF 2027 raises severe cuts for Sener, CFE and Pemex. The Energy Secretariat would have 69% less real resources compared to the 2026 budget.
Scholarships and pensions maintain their real level, while the energy sector suffers budget cuts for the following year
The accumulated state support explains some of those concerns. During her first two years of management, Sheinbaum had more than $50 billion in assistance for Pemex. The entry Mexico will cut 70% of aid to Pemex and bet that the oil company can sustain itself with its own resources was first published on Ultima Cable - World News.
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