Key facts
- Mexico's public sector primary surplus grew to MXN 77.1 billion in April.
- The general deficit decreased to MXN 37.1 billion.
- Public expenditure fell by 2.9% year-on-year in April.
- Public revenues declined by 6.4% year-on-year in April.
- Weaker income tax revenues and fuel subsidies contributed to the revenue dip.
Mexico's public sector recorded a primary surplus of MXN 77.1 billion in April, an improvement attributed to reduced public spending. The overall deficit for the public sector also narrowed to MXN 37.1 billion during the same month. Public expenditure saw a year-on-year decrease of 2.9% across various categories. Concurrently, public revenues experienced a 6.4% year-on-year decline, marking the third consecutive monthly decrease. This fall in revenues was primarily driven by weaker income tax collections, with the impact of fuel subsidies beginning to be observed.