Mexico budget proposal trims 2025 deficit, sees better growth

Nov 15, 2024 · Mexico expects its budget deficit next year to come down to 3.9% of GDP as growth increases, Finance Minister Rogelio Ramirez de la O said on Friday, as the government plans hefty spending cuts ...

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Mexico Budget Proposal Trims 2025 Deficit, Sees Better Growth

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Mexico’s 2025 Budget Of MX$9 Trillion Targets Deficit Cut

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Dec 8, 2024 · Mexico’s government has presented the proposed 2025 Economic Package, which aims to reduce the budget deficit to 3.9% of GDP from an estimated 5.9% in 2024, the highest in over three decades. The budget is intended as a return to fiscal discipline, focusing on reducing public spending while maintaining investments in social welfare programs.

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Mexico Budget Proposal Trims 2025 Deficit, Sees Better Growth

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Nov 15, 2024 · Latin America’s second-largest economy is seen expanding between 2% and 3% next year, speeding up from the projected 1.5% to 2.5% growth in 2024, according to the proposed budget. That is significantly higher than the IMF forecast, which sees 2025 growth at …

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Mexico's 2025 Budget: The Country's Most Aggressive Fiscal …

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Dec 12, 2024 · Government spending will decrease by 1.9% in real terms, targeting a deficit reduction from 5.9% to 3.9% of GDP. This represents Mexico‘s most aggressive fiscal tightening since the 1990s. The plan allocates MXN$6.4 trillion ($316.7 billion) to programmable spending and MXN$2.7 trillion ($133.6 billion) to non-programmable expenses.

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Mexican Government Seeks To Shrink Deficit With 2025 Budget Plan

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Nov 15, 2024 · The 2025 budget plan calls for the public sector borrowing requirement--a broad measure of the fiscal deficit--to decline to 3.9% of gross domestic product from 5.9% of GDP this year.

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Mexico Budget Proposal Trims 2025 Deficit, Sees Better Growth

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Mexican Government Projects Narrower Budget Deficit In 2025

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Mar 27, 2024 · The Finance Ministry expects the economy to grow between 2.4% and 3.5% this year, and projects growth of 2% to 3% for 2025. The budget outline assumes an average price for Mexico's crude oil ...

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Mexico’s 2025 Budget To Address Deficit: Finance Week

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Oct 31, 2024 · Mexico’s 2025 Budget Targets Deficit Cut to 3.5% of GDP. Mexico's 2025 budget proposal, exceeding MX$9.5 trillion, focuses on economic stability, reducing the fiscal deficit from 5.9% to 3.5% of GDP, while dedicating 65% of funds to essential expenses like debt servicing and social programs.

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Mexico 2025 Budget Proposal: Good Enough Under Mild Risk …

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Mexico’s Ministry of Finance delivered the 2025 budget to Congress on 15 November for its approval. The deficit for 2025 is projected to decrease due to a combination of increased revenues and reduced expenditure. The government estimates the budget balance will be -3.2% of GDP next year, while the primary balance is forecast at 0.6% of GDP.

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Mexico Targets 2-3% Growth In 2025 Budget Plan - The Rio Times

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Nov 16, 2024 · Mexico’s government has unveiled its economic plan for 2025. The proposal aims for growth between 2% and 3%. This plan balances economic development with social welfare. It also focuses on maintaining sustainable public finances. The budget proposal seeks to reduce the fiscal deficit. The government expects it to decrease to 3.2% of GDP in 2025.

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Mexico's 2025 Budget Explained - Mxpe.org

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Nov 20, 2024 · The budget plans to bring existing dollar-denominated foreign debt down from 16.6% Mexico’s total debt to 15.2% by the end of 2025. This is a big reason to keep an eye on Pemex. It represents about 0.7% of Mexico’s total debt, but most of it is in dollars. If the markets were spooked and the peso devalued, that number could rise significantly.

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Live: Trump In Tariff Tit-for-tat With China; Duties On Canada, …

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6 days ago · Shares fell 2.5% in premarket trading as PepsiCo unveiled a muted growth outlook for 2025 following better-than-expected fourth quarter earnings. ... the Yale Budget Lab estimated 25% tariffs on ...

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FAQs about Mexico budget proposal trims 2025 deficit, sees better growth Coupon?

What will Mexico's budget deficit look like next year?

MEXICO CITY, Nov 15 (Reuters) - Mexico expects its budget deficit next year to come down to 3.9% of GDP as growth increases, Finance Minister Rogelio Ramirez de la O said on Friday, as the government plans hefty spending cuts including to defense and security. ...

What does the 2025 economic package mean for Mexico?

Mexico’s government has presented the proposed 2025 Economic Package, which aims to reduce the budget deficit to 3.9% of GDP from an estimated 5.9% in 2024, the highest in over three decades. The budget is intended as a return to fiscal discipline, focusing on reducing public spending while maintaining investments in social welfare programs. ...

What will Mexico's budget look like in 2025?

The Finance Ministry (SHCP) and Finance Minister Ramírez outlined a range of projections on Friday. They include: Government revenue of just over 8 trillion pesos in 2025, mostly from tax collection. Ramírez said that tax collection would reach 14.6% of Mexico’s GDP. A budget deficit of 3.9% in 2025, down from an estimated 5.9% shortfall this year. ...

Will Pemex budget be cut in 2025?

Among the other government entities whose budget is set to be cut in 2025 is state oil company Pemex. The Finance Ministry proposed funding of 464.25 billion for Pemex next year, a 7.5% annual cut. Some 136 billion pesos are projected to go to the heavily indebted oil company to cover debt repayments in 2025. ...

Why did the Mexican government cut its budget?

Proposed spending cuts show the Mexican government deprioritizing sectors such as defense, with a 44% cut compared to the last budget, and security which saw a 36% cut. Environmental spending was also down 39% despite expectations that Sheinbaum, a scientist who has worked on climate change, would put greater emphasis on the environment. ...

How much does the budget for 2025 cost?

It was presented to Congress by Finance Minister Rogelio Ramírez de la O on Nov. 15. The proposed budget for 2025 totals MX$9.07 trillion, reflecting cuts across various sectors, including a 44% reduction in defense spending, with the Ministry of National Defense (SEDENA) receiving MX$151.99 billion, down from MX$259.43 billion in 2024. ...