Mexico reportedly spent 2.319 trillion pesos during the first quarter of 2024 compared to its 1.867 trillion peso income during the period, said the Secretariat of Finance and Public Credit
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As a result, Mexico only took in a total of 658.9 billion pesos in public revenue during the first month of 2024
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Mexico fell to 11th place in 2023 from its fifth place ranking in 2017, placing Mexico’s economy in the bottom half of the 17 Latin American economies considered by Emerging Markets Bond Index compiled by JP Morgan Chase
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Mexico’s Second District Judge in Commercial Insolvency Matters officially declared notorious Mexican airline Interjet as bankrupt and ordered the company’s assets to be put up for auction
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Bloomberg previously reported that Pemex has been in talks with Goldman Sachs and HSBC for financing related to reducing greenhouse gas emissions
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PULSE NEWS MEXICO During the first 10 months of 2022, Mexico was the largest public debt underwriter in Latin America and the Caribbean, according to a report released on Monday, Jan. 16, by the Economic Commission for Latin America and the Caribbean (ECLAC). Mexico placed a total of nine sovereign issues for an amount of $9.471 billion during that time,
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By KELIN DILLON According to the new 2023-2027 Business Plan Report presented by Mexico’s state-owned oil company Petróleos Mexicanos (Pemex), Pemex must pay back more than $16.7 billion in debt amortizations before the end of Mexican President Andrés Manuel López Obrador’s (AMLO) six-year term, which is set to end in 2024. The report revealed that Pemex was able to put
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By KELIN DILLON While Mexico has long been spending more than it brings in through revenue, 2022 saw the country’s public deficit increase by approximately 26 percent – the largest deficit spike it has experienced since 2016. According to figures from Mexico’s Secretariat of Finance (SHCP), Mexico’s public deficit between January and November of 2022 stood at 611.1 billion pesos,
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By KELIN DILLON In the early hours of Wednesday, Oct. 26, Mexico’s Senate approved the proposed 2023 Federal Income Law in a vote of 65 in favor, 44 against and two abstentions, preserving the initiative verbatim sent by the executive branch and Chamber of Deputies, without any changes. Set to go into effect in 2023, the newly passed Federal Income
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