US EditionMexico Includes $14 Billion in 2026 Budget to Pay Pemex Debt
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17 Articles
Mexico Includes $14 Billion in 2026 Budget to Pay Pemex Debt
Mexico’s budget includes 263.5 billion pesos ($14.1 billion) for its embattled state oil company Petroleos Mexicanos to cover expenses in 2026, the latest in a string of financial lifelines for the debt-ridden driller.
Mexico City.- After postponing the protocol act on at least three occasions, the Ministry of Finance will hand over the 2026 Economic Package to the Chamber of Deputies at 22:30 hours. Last Sunday, the Chamber of Deputies summoned at 6 p.m. to the reception act, immediately moved it at 5 p.m., but moments later modified the summons, again, at 6 p.m. On Monday, around 4:15 p.m., the Chamber of Deputies reported that the schedule would be changed …
Mexico’s 2026 Budget: Tight Leash on Debt, Guarantee for Welfare
President Claudia Sheinbaum presented Mexico’s 2026 Economic Package on September 8 at Congress. She promises no new taxes while tackling steep debt payments due in 2025–26, especially from Pemex bonds. The government will refinance maturing debt now to smooth out costs and aims to end peak interest pressures by 2027. To raise revenue without new […]
The Economic Package consists of three parts: the Economic Policy Criteria, the Income Law and the Income Budget. All are delivered to the Chamber of Deputies on Monday, September 8.
The administration of President Claudia Sheinbaum Pardo today presents its first economic package, in which at least 30 percent (2 trillion 692 billion 490 million pesos) is already committed to participations, financial cost of debt and debts of previous years. It is not the only concept that will restrict spending, since the payment of pensions and social programs taken to constitutional degree are also inherent in the budget.
In 2026 Petróleos Mexicanos (PEMEX) will receive 263.5 billion pesos in direct transfers from the federal government, resources that will be destined exclusively to the payment of depreciations of market debt and bank credits contracted in previous years, says the Economic Package delivered yesterday to the Congress of the Union. The Ministry of Finance has specified that this support will be conditioned to that PEMEX improves its financial bala…
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