Mexico Budget Sees Higher Debt Levels, 2025 Growth Above 2%

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Mexico's economy is projected to expand 2% to 3% in 2025 with a fiscal deficit of 2.5% of GDP. Inflation is expected to slow to 3.8% by the end of 2024 and 3.3% by year-end 2025. President Andres Manuel Lopez Obrador's last year in office is expected to have a public deficit of 5% of GDP. Public debt levels are projected to reach 50.2% of GDP in both 2024 and 2025. The government forecasts a primary deficit of 1.4% of GDP in 2024 and a 0.9% surplus in 2025. Additional revenue from higher oil prices and increased tax collection are expected to offset some costs. The budget release comes ahead of national elections in June. Mexico's forecast oil output is 1.85 million barrels per day in 2024 and 1.86 million barrels per day in 2025. The Mexican crude basket is predicted to be $71.3 per barrel in 2024 and $58.4 in 2025.

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https://finance.yahoo.com/news/mexico-budget-estimates-higher-debt-201302587.html