Mexico’s public debt exceeds 30 billion dollars

Mexico City, Jun 26 (RHC) Mexico's federal and municipal public debt exceeds 680 billion pesos (38.21 billion dollars), according to the Belisario Domínguez Institute of the Senate of the Republic.

The entity stated on its website that the debt of the states, municipalities, and their public entities was 3.5 percent higher in the first quarter of 2023 than in the same period of last year, although still lower by 0.5 percent compared to the fourth quarter of 2022.

The increase is symptomatic, in the sense that the Executive has not compromised the country by not borrowing money abroad nor has it yielded to offers from international banks or organizations such as the International Monetary Fund and the World Bank, both of which it is very critical.

Therefore, the debt is internal and is concentrated in the states of Nuevo León, Chihuahua, Quintana Roo, Coahuila, Mexico City, and Sonora, the ones with the highest amount per capita. Tlaxcala is the only state that reports zero debts.

In addition, the institute warned that, according to the system alert of the Ministry of Finance, 29 states show a sustainable level of indebtedness, while Coahuila’s and Chihuahua’s level of financial obligations is under observation. (Source: Prensa Latina)