Mexico’s finance ministry submitted a draft 2027 budget to Congress on September 8 projecting economic growth between 1.5% and 2.5% and a broader public-sector deficit of 3.9% of GDP. Reuters reported that the deficit projection compared with an estimated 4.1% for 2026.
The document reduced the current-year growth forecast to a range of 1.0% to 2.0%, from an earlier 1.8% to 2.8%. For 2027, officials expected support from domestic demand, household incomes, less restrictive financial conditions and investment associated with infrastructure and the government’s Plan Mexico incentives. North American trade integration was also identified as a source of export support.
The ministry projected public debt of 55.0% of GDP in 2027, compared with 54.0% at the end of 2026, and year-end inflation of 3.0%. The draft allocated 81.1 billion pesos to help Pemex repay debt. These were assumptions and allocations in a proposal submitted for legislative consideration, not final economic outcomes or confirmation that Congress had completed the budget process.