LatinNews Daily - 09 September 2026

*Mexico's finance ministry (SHCP) has delivered its 2027 economic package to congress, projecting GDP growth of at least 2% next year, above the rate expected for 2026, according to an SHCP statement. However, that projection is at the lower end of the SHCP’s own April forecast made in its 2027 economic policy pre-criteria document, which had estimated growth of 1.8-2.8% for 2026 and 1.9-2.9% for 2027. Public sector borrowing requirements (RFSP) will reach 3.9% of GDP in 2027, a cumulative reduction of 1.8 percentage points from 2024, the year President Claudia Sheinbaum took office, the SHCP said; reflecting a slower pace of deficit reduction than the 3.5% of GDP it had projected for 2027 in the April document. Tax revenue is projected to reach a “historic high” of 15.9% of GDP in 2027, without the creation of new taxes, above the 15.6% estimated in April. Combined public and mixed investment between 2026 and 2030 will total M$5.7tn (US$337.2bn), while budgeted physical investment will reach 2.6% of GDP for rail, road, water, and energy projects. Spending on priority programmes will rise to M$1.03tn, also equivalent to 2.6% of GDP. This includes M$543.5bn for the wellbeing pension for older adults, M$210.6bn for education programmes and scholarships, M$37.4bn for the disability pension, and M$5bn for the Salud Casa por Casa, a door-to-door health programme. Education, science, health, and security budgets will rise 10.7%, 13%, 11.3% and 11.5%, respectively, versus 2026.

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