Mexico recorded a Government Budget deficit equal to 1.60 percent of the country's Gross Domestic Product in 2019. source: Secretaria de Hacienda y Credito Publico

Government Budget in Mexico averaged -0.93 percent of GDP from 1990 until 2019, reaching an all time high of 3.30 percent of GDP in 1992 and a record low of -3.40 percent of GDP in 2015. This page provides - Mexico Government Budget - actual values, historical data, forecast, chart, statistics, economic calendar and news. Mexico Government Budget - values, historical data and charts - was last updated on February of 2021.

Government Budget in Mexico is expected to reach -4.50 percent of GDP by the end of 2020, according to Trading Economics global macro models and analysts expectations. In the long-term, the Mexico Government Budget is projected to trend around -4.00 percent of GDP in 2021 and -3.70 percent of GDP in 2022, according to our econometric models.

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Mexico Government Budget

Actual Previous Highest Lowest Dates Unit Frequency
-1.60 -2.10 3.30 -3.40 1990 - 2019 percent of GDP Yearly

Mexico Government Last Previous Highest Lowest Unit
Government Debt to GDP 45.50 46.00 48.20 17.90 percent [+]
Government Budget -1.60 -2.10 3.30 -3.40 percent of GDP [+]
Government Budget Value -274820.00 -71950.00 340612.40 -308191.94 MXN Million [+]
Government Spending 2159844.00 2239210.00 2263990.00 1376521.00 MXN Million [+]
Government Revenues 380863.40 510232.60 719218.90 12748.50 MXN Million [+]
Fiscal Expenditure 427809.40 367907.10 830183.90 14302.90 MXN Million [+]
Credit Rating 60.00 [+]
Military Expenditure 6375.00 5781.00 7071.00 349.00 USD Million [+]

Mexico Government Budget
Government Budget is an itemized accounting of the payments received by government (taxes and other fees) and the payments made by government (purchases and transfer payments). A budget deficit occurs when an government spends more money than it takes in. The opposite of a budget deficit is a budget surplus.