SHCP expects Mexico’s debt to close in 2021 at 50% of GDP

The Secretary of Finance and Public Credit (SHCP) downgraded its estimate for debt for the end of 2021; The agency foresees that the Historical Balance of the Financial Requirements of the Public Sector will be located at 50.3% of the START national; a figure equivalent to 13 trillion pesos in absolute terms.

For the next three years, the debt is expected to continue to decline; with the dependency projections, the six-year term of Andrés Manuel López Obrador it would close with a debt equal to 44.9%, the same level that Enrique Peña Nieto left it when he left power in 2018.

rrg