The revenue budget estimated for 2019 is USD $277,601 million, which represents 21.1% of Mexico’s GDP. The main source of income continues to be tax revenues, whose collection represents 13.2% of the GDP, and oil revenues will represent 19.8% of the total budgetary revenues in the country. The energy sector as a whole will be able to contribute 27.7% of the total federal revenue, with resources equivalent to USD $77,009 million. This Legal Update discusses public expenditure proposed for 2019; cuts in sectors such as environmental, agricultural, and personal services and operating expenses in order to finance the emblematic programs of a new federal government; and the government’s guidelines for its 2019 investment in Pemex and CFE, Mexico’s state-owned energy companies, and the Ministry of Communications and Transportation.
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