Economy & Business - February 2026

Mexico hauled in “record” taxes in 2025, up by 4.8% from the previous year to M$6.05tn (US$352.96bn) “without increasing taxes, just by continuing to work against tax evasion”, according to President Claudia Sheinbaum. Even though taxes for 2025 exceeded projections, Mexico’s finance ministry (SHCP) is forecasting a still larger tax take of M$6.45tn in 2026, potentially strengthening the government’s ability to achieve its goal of maintaining massive social spending and infrastructure commitments without implementing a politically damaging formal tax reform.