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Mexico

Mexico's lower house approves 2027 budget of 10.6 trillion pesos

The plan includes a 6 billion peso cut to the electoral agency ahead of 2027 elections, shaping spending expectations for states, companies and markets.

Photo: The Rio Times

What happened

Mexico's Chamber of Deputies approved the 2027 Federal Expenditure Budget in general terms on November 9, with total net spending of 10.636 trillion pesos. NOVUM+2 The bill received 372 votes in favour, from Morena, its allies and Movimiento Ciudadano, and 102 against, from the PAN and PRI. NOVUM+2 The budget includes a cumulative 6 billion peso cut to the National Electoral Institute (INE), which is preparing for federal and local elections next year. International Business Times+1 The proposal plans a 1.3 percent real-terms increase in spending compared with 2026 and a deficit of 1.358 trillion pesos. NOVUM+2

Around it

Movimiento Ciudadano backed the project after resources were allocated to two aqueducts in Jalisco, and announced reservations on health, agriculture and highways. NOVUM+1 The cut lands while INE is led by an interim council president, Blanca Cruz, after Guadalupe Taddei resigned as head of the agency on October 26. The Rio Times Programmed spending makes up 7.43 trillion pesos, or 69.9 percent of total expenditure. Meridian

What comes next

The legal deadline for the chamber to pass the budget is November 15. The Rio Times

Sources

  1. NOVUMLawmakers approve 2027 budget of 10.6 trillion pesos
  2. International Business TimesINE budget cut and rising debt costs shape fight over 2027 federal budget
  3. MeridianMexico's 2027 Budget Draft Passes First Reading With 1.358 Trillion Peso Deficit
  4. PravdaReportMexico's 2027 Budget Draft Shows 1.358 Trillion Peso Deficit and Increased Federal Transfers
  5. The Rio TimesMexican Panel Cuts Election Agency Budget

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