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Mexico's public debt hits 51% of GDP in first half of 2026
Mexico's net public debt rose to 51 % of gross domestic product in the first half of 2026, according to the Secretariat of Finance and Public Credit (SHCP). The total debt stock reached 19.59 trillion pesos (about 1.12 trillion USD), a real‑term increase of 11.7 % over the same period a year earlier. Fiscal accounts showed a deficit of roughly 580 billion pesos, while the primary‑budget surplus was 115 billion pesos. The cost of financing fell 4.8 % in real terms, helping to keep the debt profile sustainable. Internal debt accounted for 82 % of the total liability and external debt for the remaining 18 %. The government highlighted that the debt level remains below the average of Latin‑American economies and is considered sustainable.
The SHCP also reported that public‑sector revenues totaled 4.27 trillion pesos, whereas total public spending reached 4.85 trillion pesos, creating the 580 billion‑peso gap that was financed through borrowing.
Entities
BBVA · BBVA México · Carlos Torres · Claudia Sheinbaum · Edgar Amador Zamora · Fiscal authorities · Fiscal deficit · Gross Domestic Product (GDP) · Latin America · Latin American economies · Mexican government · Mexican public debt
Claims
What the coverage asserts, and how many sources carry each claim.
- [○ 1 SOURCE] BBVA's profit attributable in Mexico for the first half of 2026 was €2.979 billion, a 8.2% year‑on‑year increase. massinformacion.com.mx
- [○ 1 SOURCE] BBVA's global profit for the first half of 2026 was €6.051 billion, up 11.1% YoY. massinformacion.com.mx
- [○ 1 SOURCE] Nacional Financiera's net profit for the first half of 2026 was 1.930 billion pesos. www.diariomarca.com.mx
- [○ 1 SOURCE] Nacional Financiera extended credit totaling 539.155 billion pesos, with about 230 billion pesos disbursed to roughly 294 000 companies in the first half of 2026. www.diariomarca.com.mx
- [○ 1 SOURCE] The real financing cost of Mexico's public debt fell 4.8% year‑on‑year in the first half of 2026. lajornadasanluis.com.mx
- [○ 1 SOURCE] Mexico's public debt retained investment‑grade ratings from eight credit agencies. lajornadasanluis.com.mx
- [○ 1 SOURCE] Micro‑enterprises received 260 876 loans from NAFIN, representing 89% of its total credit count. www.diariomarca.com.mx
- [○ 1 SOURCE] Mexico's public debt reached 19.0477 trillion pesos in the first half of 2026, representing 51% of GDP. lajornadasanluis.com.mx
- [● 3 SOURCES] Mexico's net public debt totalled 19.59 trillion pesos in the first half of 2026. codigoqro.mx · lajornadasanluis.com.mx · udgtv.com
- [● 5 SOURCES] Government revenues were 4.27 trillion pesos, up 0.1 % year‑on‑year. codigoqro.mx · udgtv.com · lajornadasanluis.com.mx · xeu.mx · mayacomunicacion.com.mx
- [○ 1 SOURCE] The overall budget deficit was 358 billion pesos below the programmed target in the first half of 2026. lajornadasanluis.com.mx
- [● 2 SOURCES] The primary budget balance recorded a surplus of 115 billion pesos in the first half of 2026. lajornadasanluis.com.mx · codigoqro.mx