Mexico’s Government Is Running Short of Money, and 2026 Will Test It

Key Points A GDP recalculation lifted Mexico’s expected 2025 broad deficit to about 4.5% of GDP, even after cuts. Officials target roughly 4.1% in 2026, but pensions, interest costs, and Pemex limit room to maneuver. With no major tax reform, the plan leans on enforcement, customs, excise hikes, and some new tariffs. Mexico entered 2025 […]