Sheinbaum Faces Uphill Battle to Slash 5.9% GDP Deficit in Mexico

Mexico’s public deficit has reached unprecedented levels, according to recent data from the Ministry of Finance and Public Credit. The deficit, measured through Public Sector Borrowing Requirements (RFSP), hit 1.10 trillion pesos ($56 billion) between January and August 2024. This figure represents a 53% increase compared to the same period last year. The current level […]