The administration headed by President Claudia Sheinbaum firmly advances in her mission of consolidating public finances. In the first two months of this 2025, public revenues increased more than 4 percent and closed the spending key, with a decrease greater than 15 percent in annual terms.
The last Finance and Public Debt report released this Friday by the Ministry of Finance and Public Credit (SHCP) indicates that between January and February, the income reached an amount of a billion 341 thousand 656 million pesos, 4.8 percent higher number, in real terms, if compared to what was obtained in the same period of last year, which was one billion 234 thousand 438 million pesos.
In the same period, the public spending exercised added a billion 425 thousand 519 million pesos, quantity 17 percent lower, in real terms, if compared to what was done between January and February of the previous year, which was a billion 655 thousand 557 million pesos.
In this way, the Administration reported a sub -exercise of public spending of 220 thousand 283 million pesos, since the original program established that for the first bimester, the expense would be one billion 645 thousand 803 million pesos.
Public expenditure observed a 17 percent decrease in real terms at an annual rate, in line with fiscal consolidation commitment
Hacienda presented.
According to the information, the increase in public revenues in the first two months of the year was promoted by an increase of 7.7 percent in real terms of the entry of non -oil resources, which reached a billion 197 thousand 707 million pesos.
In a breakdown, the income obtained by the Income Tax (ISR) added 510 thousand 304 million pesos, which meant an increase of 7 percent if compared to the 459 thousand 946 million reported in the first two -month period of 2024.
For the Value Added Tax (VAT), 286 thousand 987 million pesos between January and February, quantity 20.3 percent higher compared to the 230 thousand 73 million obtained in the same period of the previous year, entered the public coffers.
In turn, oil revenues, which include those received from Petróleos Mexicanos (Pemex), were 143 thousand 948 million pesos, quantity 14 percent lower, in real terms, if compared to the 161 thousand 534 million reported between January and February, but of 2024.
Positive margins
Public finances remained solid in the first two months of the year. The budget balances were better to the expected
Hacienda said in his report.
Meanwhile, the highest reduction in spending was held in the administrative branches, where 307 thousand 779 million pesos were exercised, an amount 46.9 percent smaller if compared to the 558 thousand 525 million reported in the first bimester last year.
Regarding the scheduled for the first two -month period of this year in the administrative branches, there was a sub -exercise of 55 thousand 625 million pesos.
In this sense, the SHCP pointed out that fiscal balances had better results than those planned, since the budget deficit was 83.9 billion pesos, significantly lower than the scheduled deficit of 283.3 billion pesos.
The primary balance registered a surplus of 77.7 billion pesos against a scheduled deficit of 96.1 billion, Reflection of prudent fiscal management
.
Debt balances
The dependency responsible for public finances indicated that the net debt of the federal government was located in 15 billion 446.6 billion pesos, of which 83 percent is internal and 78.4 percent was hired at a fixed and long -term rate.
The above allowed the government to lead Claudia Sheinbaum to decrease Exposure to risks for exchange volatility and external clashes
.
In turn, the historical balance of the Financial Requirements of the Public Sector (SHRFSP), which is the broader expression of the debt, amounted to 17 billion 599 billion pesos at the end of February, while the net debt of the federal public sector stood at 17 billion 901.9 billion pesos.