Mexico reduces external debt payments for next three years

Mexico's Ministry of Finance and Public Credit (SHCP) announced that international refinancing operations conducted this year have significantly reduced external debt amortizations for the next three years. Specifically, payments for 2027 were reduced by 54 percent, 2028 by 61 percent, and 2029 by 15 percent.

Undersecretary María del Carmen Bonilla stated that the debt portfolio remains resilient, noting that 84.8 percent of the debt is held at fixed, long-term rates and denominated in local currency. External debt has been reduced to approximately 15 percent of the country's GDP. Officials emphasized that they do not foresee an “explosive increase” in indebtedness and remain committed to maintaining the nation's public credit rating.

The Ministry also projects that the public deficit will decrease to 3.9 percent of GDP next year, following a projected 4.1 percent in 2026. Secretary Édgar Amador Zamora clarified that while the government maintains communication with credit rating agencies, the national budget is not subject to their specific criteria.