Mexico sees up to 2.5% economic growth in 2027, narrower deficit in 2027 budget draft
The draft also forecasts a 3.9% deficit and 3.0% inflation, while cutting federal debt support for Pemex to 81.1 billion pesos.
- On Tuesday, Finance Minister Edgar Amador Zamora presented President Claudia Sheinbaum's proposed 2027 budget to Congress in Mexico City, projecting economic growth between 1.5% and 2.5%.
- The draft proposal projects the broader public sector deficit narrowing to 3.9% of GDP, while total public debt is seen reaching 55.0% of GDP in 2027 compared with 54.0% estimated for year-end 2026.
- State oil firm Pemex is slated to receive $4.80 billion from the federal government to pay down debt in 2027, while the government earmarked 255.5 billion pesos for the company's priority investment projects.
- Headline inflation is projected to finish 2027 at 3.0%, in line with the Bank of Mexico's official target, with growth driven by solid domestic demand, higher household incomes, and the 'Plan Mexico' initiative.
- The budget document revises 2026 growth estimates to 1.0% to 2.0%, down from an earlier projection of 1.8% to 2.8%, reflecting updated economic conditions ahead of 2027.
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45 Articles
The Ministry of Finance and Public Credit lowered its growth forecast for this year and next. The head of the agency, Édgar Amador Zamora, reported that the country's economy is now expected to grow between 1 and 2 percent in 2026 and between 1.5 and 2.5 percent in 2027.
Finance expects Mexico’s economy to grow between 1.5 and 2.5% in 2027. The government also estimates a fiscal deficit of 3.9% of GDP.
The budget proposed this Tuesday by the executive previews a growth of GDP for next year in a range between 1.5% and 2.5%
The document was submitted to the Chamber of Deputies and the Senate of the Republic for appropriate analysis.
Edgar Amador, head of the agency, delivered the document this afternoon to the Chamber of Deputies.
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