This article by Enrique Méndez and Fernando Camacho originally appeared in the September 8, 2025 edition of La Jornada, Mexico’s premier left wing daily newspaper.
Mexico City. An hour and a half before the legal deadline, Finance Secretary Édgar Amador Zamora delivered the 2026 economic package to the Chamber of Deputies this evening, which includes a budget of 10 trillion 193 billion 683 million 700 thousand pesos, which corresponds to the total revenue approved in the Revenue Law.
The document forecasts revenues will reach 8.7 trillion pesos, with a budget deficit of 1 trillion 393 billion 770 million 634 thousand 695 pesos.
The economic package, he said tonight before the President of the Board of Directors and the Political Coordination Board, “is a roadmap to building a stronger, more competitive, and fairer Mexico.”
After a delay that drew criticism from Morena and the PAN, the official announced that the amount of social programs for next year will reach 3 percent of GDP and will allow coverage for nearly 82 percent of the country’s families.
He reported that revenue is expected to reach 8.7 trillion pesos, and that tax revenue will be “the backbone, thanks to the fight against evasion, digitalization, and modernization of the tax framework. With 5.8 trillion pesos, revenue will grow 5.7 percent in real terms and reach a historic high of 15.1 percent of GDP.”
He explained that the economic package “reflects a clear vision of the State, an economic policy that expands social rights and does so with responsibility and shared prosperity. It deepens the shift toward economic transformation through humanistic public policy, the results of which are already tangible.”
He exemplified that, between 2018 and 2024, a total of 13.4 million people left poverty behind, which confirms that “a responsible, well-being-oriented policy is not only possible but can transform the reality of millions.”
He acknowledged that the revenue bill, the budget proposal, and the fiscal miscellany are being presented “in a complex international environment, marked by tensions that have put all economies to the test.”
However, he noted that Mexico’s economy has shown strength and that its resilience is based on “three fundamental pillars: a dynamic labor market and real wages that maintain sustained growth; a consistent deinflationary process; and a dynamic external sector supported by the USMCA and an increasingly sophisticated export structure.”
Even so, he noted that any complex environment requires balance, and in that regard, he noted that a deficit of 4.1 percent of GDP is projected for 2026, which implies a 1.6 percent reduction compared to 2024 and less than the closing projection of 4.3 percent of GDP in 2025.
In this way, public debt will remain on a stable path, in line with the Mexican government’s commitment to fiscal responsibility, he indicated.
After the official, Ricardo Monreal Ávila, Morena’s coordinator and president of the Political Coordination Board, apologized for the delay in delivering the economic package, “the main economic and financial instrument of the Mexican State.”
He even told him, “It’s great that you complied with the Constitution.” Especially, he added, because the delay sparked rumors and a reporter even asked the official if he delivered empty boxes to the deputies.
Monreal also emphasized that Morena will “resist lobbyists” who will pressure to prevent the increase in the IEPS.
PAN coordinator Elías Lixa also questioned the delay, which had not been seen in other six-year terms.
This “unusual informality, which began with delays, undoubtedly generates serious and severe speculation about the content of the document itself. It serves little purpose to the country, which needs and requires certainty and seriousness from officials,” said the PAN member.
He stated that the Chamber has received the economic package and that his party will present its initial impressions tomorrow.
“At the moment, the Treasury’s lack of action is undeserved by the country and the institutions we represent, and it raises more questions than answers. It seems to me to be a serious lack of formality on the part of the Treasury. It’s generating speculation that the content wasn’t ready, among other possibilities,” he explained.
2026 Budget a “roadmap for building a stronger, more competitive, & fairer Mexico”
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An hour and a half before the legal deadline, the Secretary of the Treasury, Édgar Amador Zamora, delivered the 2026 economic package to the Chamber of Deputies tonight.
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