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business El Financiero 2026-05-04

Mexico's Public Finances Show Order but Limited Room for Action

Mexico's fiscal first quarter ended better than anticipated, with a budget deficit of 207 billion pesos against a programmed 380 billion, and a primary balance surplus of 98 billion pesos. However, this fiscal order was not driven by robust revenue but by temporary factors like delayed spending, a strong peso benefiting external debt servicing, and lower financial costs.

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