Government’s Financial Performance in November 2022
According to the Secretaría de Hacienda y Crédito Público (SHCP), Mexico’s public spending continued to grow in November 2022, reaching a total of 8 trillion 462.1 billion pesos. This figure includes financial support provided to Petróleos Mexicanos (Pemex).
Claudia Sheinbaum’s Administration:
Under the administration of Claudia Sheinbaum, public spending increased by 2.5% compared to the same period last year. However, if we exclude the support given to Pemex, public spending decreased by 0.6%.
Gasto Público vs Programable Gasto:
The report from Hacienda highlights that programable public spending, which is allocated for providing services and infrastructure to the population, amounted to 6 trillion 116.1 billion pesos. This represents a 3.6% decrease compared to the previous year.
Breakdown of Government Spending
- Government Federal Spending: The federal government spent 4 trillion 851.4 billion pesos, marking a 3.1% increase compared to the previous year.
- Spending in Control Organisms: The spending in control organizations, such as IMSS and ISSSTE, increased by 8.6% compared to the previous year, totaling 1 trillion 840.9 billion pesos.
- State-Owned Enterprises: Spending on state-owned enterprises, including Pemex and CFE, decreased by 15% compared to the previous year, totaling 873.2 billion pesos.
Non-Programable Spending and Cost Financial
Excluding the cost financial of debt, non-programable spending amounted to 1 trillion 274.3 billion pesos, a 5% increase compared to the previous year.
Participations Federales:
Real annual growth of participations federales (non-programable spending) was 5.7%, surpassing the initial projection by 13 billion pesos, aligning with the increase in federal revenue.
Costo Financiero:
The costo financiero, which includes debt service payments and other financial obligations, totaled 171.7 billion pesos, an 11.2% increase compared to the previous year.
Key Questions and Answers
- What is the overall public spending growth in November 2022? Public spending grew by 2.5% in November 2022, totaling 8 trillion 462.1 billion pesos.
- How does programable public spending compare to the previous year? Programable public spending decreased by 3.6% compared to the same period last year.
- What is the growth rate of non-programable spending? Non-programable spending increased by 5% compared to the previous year.
- How did the costo financiero change compared to November 2021? The costo financiero increased by 11.2% compared to November 2021.
