Overview of the 2026 Mexican Federal Budget
The proposed 2026 Mexican Federal Budget, known as the Paquete Económico 2026, highlights significant budgetary changes for various governmental entities. Among them, the Secretaría de Energía (Sener) stands out as a major beneficiary due to substantial support from Petróleos Mexicanos (Pemex).
Sener’s Budget Increase
According to the proposed budget, Sener will receive a total of 267,439 million pesos for the upcoming year. This amount will primarily come from federal government transfers to Pemex.
The Secretaría de Hacienda y Crédito Público (SHCP) detailed that a transfer of 263,500 million pesos from the federal government is intended for debt amortization of market debt and bank loans accumulated in previous years. This support is contingent on Pemex improving its financial balance sheet by the same amount, ensuring that operations do not affect public deficit since debt amortization is recorded as a reduction of liabilities rather than budgetary expenditure.
Other Budget Winners
Besides Sener, the Agencia de Transformación Digital y Telecomunicaciones also saw a budget increase. The proposed spending is 3,853 million pesos, marking a 23.7% annual growth.
The new Judicial Power will also experience a budget boost, starting the next year with 85,960 million pesos—a 17% increase compared to the current year.
Budget Losers
In a year focusing on fiscal consolidation without widespread cuts to public spending, the Instituto Nacional Electoral (INE) is identified as a significant loser. The INE’s budget will be reduced by 18.3% to 22,837 million pesos.
The Secretaría de Seguridad y Protección Ciudadana will see a 17.5% decrease in its budget, totaling 60,111 million pesos. Meanwhile, the Secretaría de Cultura’s budget will drop by 16.1% to 13,097 million pesos.
Overall Budget Proposal
The total proposed budget for the next year is 10.1 trillion pesos, representing a 5.9% annual increase. The Requerimientos Financieros del Sector Público (RFSP) stands at 4.1%.
Key Questions and Answers
- What is the main reason for Sener’s budget increase? Sener’s budget grew due to substantial support from Pemex, which will receive a 263,500 million pesos transfer from the federal government for debt amortization.
- Which other entities experienced budget increases? The Agencia de Transformación Digital y Telecomunicaciones and the new Judicial Power both saw budget increases of 23.7% and 17%, respectively.
- Which entities faced budget cuts in the 2026 proposal? The Instituto Nacional Electoral (INE), Secretaría de Seguridad y Protección Ciudadana, and Secretaría de Cultura all experienced budget cuts ranging from 16.1% to 18.3%.
- What is the total proposed budget for 2026? The total proposed budget for 2026 is 10.1 trillion pesos, reflecting a 5.9% annual increase.
