Veracruz moves ahead with early liquidation of debt for 199 municipalities

The government of Veracruz announced that it is proceeding with the early liquidation of the securitized debt of 199 municipalities. Governor Rocío Nahle García said the state will absorb 75 % of the outstanding balance – about 950.7 billion pesos – while the municipalities will cover the remaining 25 % (around 316.9 billion pesos) without interest, under a deadline of 2030. The new scheme is expected to cut the total amount owed by almost one billion pesos, and the final figure could be lower after adjustments.

The early repayment will allow the municipalities to receive their full federal participation starting in August. Nahle emphasized that the measure is part of a broader financial‑responsibility policy aimed at reducing inherited liabilities, improving municipal budgets and avoiding new borrowing.

The program follows a decade‑long effort that has already allocated more than 2.5 trillion pesos to the bond payments since 2008. Under the previous schedule, municipalities would have faced an additional burden of about 2.27 trillion pesos.