Introduction to the 2026 Budget Process in Querétaro
As the year’s final quarter approaches, Querétaro’s state administration has initiated the design of its 2026 budget, according to Gustavo Arturo Leal Maya, the Secretary of Finance for the state.
Anticipated Increase in Federal Resources
Leal Maya mentioned that the state expects a 3% increase in federal resources, as nearly 80% of Querétaro’s revenue comes from the federal government.
The state of Querétaro in Mexico begins the construction of its 2026 budget, anticipating a 3% increase in federal resources. This accounts for almost 80% of the state’s revenue, making federal support crucial for their financial planning. https://t.co/ExampleLink
— Example News (@ExampleNews) January 1, 2023
Current Budget Planning Stage
Currently, local secretaries are presenting projects for the upcoming year. Some of these projects will involve reconfigurations compared to the current fiscal year.
- Dependencias estatales están planteando proyectos para el próximo año.
- En algunos casos, estos proyectos implicarán reconfiguraciones respecto al ejercicio fiscal actual.
Federal Economic Package Analysis
The state government is also analyzing the federal government’s proposed economic package for the following year, as it is the primary source of Querétaro’s income.
Commitment to Responsible and People-Focused Budget
Leal Maya emphasized that the state government will create a responsible budget centered on the population’s needs:
- The state will design a budget with great responsibility, certainty, and focus on families and people to address Querétaro’s needs.
- 80% of these resources come from the federal government, so the state is waiting and constructing the budget accordingly.
Sufficiency of Budget and Federal Coordination
Regarding budget sufficiency, Leal Maya explained that states’ needs will always exceed available resources.
The state finance department is in contact with federal deputies to present the state’s requirements, as they will analyze and vote on the federal government’s proposed economic package.
Querétaro’s state finance department coordinates with federal deputies to present the state’s requirements for the upcoming economic package. With Querétaro’s finances rated AAA, the state aims to maintain fiscal discipline. https://t.co/ExampleLink
— Example News (@ExampleNews) January 1, 2023
Local Budget Approval and AAA Rating
In December 2024, Querétaro’s Congress approved a 2023 budget of 62,186.9 million pesos, representing a 0.6% increase from 2024, in line with the Income Law.
Key Questions and Answers
- What is the main focus of Querétaro’s 2026 budget? The state government aims to create a responsible and people-focused budget addressing the population’s needs.
- What percentage of Querétaro’s revenue comes from the federal government? Nearly 80% of Querétaro’s revenue originates from the federal government.
- How is Querétaro coordinating with the federal government for budget planning? The state finance department is in contact with federal deputies to present the state’s requirements and ensure their needs are considered in the federal economic package.
- What is Querétaro’s current AAA finance rating, and how does it impact budget planning? Querétaro’s AAA finance rating obliges the state to maintain fiscal discipline in its budget planning.
