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Economy & Business - December 2024

MEXICO: Mexico’s budget stretches boundaries of credibility

President Claudia Sheinbaum has been landed with the challenging task of restoring Mexico’s fiscal credibility, but the recently unveiled 2025 budget is already stretching the boundaries of investor trust. Although congress is set to approve the budget, with the revenue side totalling some M$9.3trn (US$461bn) sailing through the lower house and likely to be passed by the senate, the government’s budget proposals have already faced significant push-back from the private sector, which has called for a revision and cast doubt on how serious the new government is about fiscal consolidation.

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