The Federal government closed the first quarter of 2025 with a deficit of 121 billion pesos. That means that he spent more than he entered.
By Juan Ortiz / Legislative magnifying glass
Emeequis.– The first financial report of the Government of Claudia Sheinbaum is already on the table. There is no place for speeches: numbers send. And what they say is worrying.
The Ministry of Finance and Public Credit (SHCP) reported that it is raising more than ever, But spend less where it hurts more.
Between a debt that continues to grow and sub -exercise millionaires in Health, security and science, what is seen is not austerity. It is budgetary abandonment.
Deficit that does not deceive
The Federal Government closed the first quarter of 2025 with a deficit of 121 billion pesos. That means that he spent more than he entered.
Yes, it is a lower deficit than last year, when the checkbook burst in full presidential election. But be careful with mirage: the deficit fell not by prudence, but by obligation. The public spending party in 2024 left a fiscal hangover that today forces the brake.
It is like a car that stops accelerating not because the driver became responsible, but because he ran out of gas.
Report on the economic situation, public finances and public debt, 1st quarter of 2025
More taxes, less health
The government raised as never before. 1.5 billion pesos in taxes. ISR and VAT broke record. We all pay more. But that fiscal bonanza was not reflected in public services.
The data is devastating: in health, they stopped spending 45 thousand 414 million pesos. It is not a simple figure. It is a budget that did not reach hospitals, clinics, medicines. And that coincides with the Birmex scandal of 13 billion pesos in drug purchases.
The SHCP reports historical collection, but is not reflected in public services
It is an emergency room without supplies. She is a woman who expects chemotherapy. He is a child without vaccines. There were also sub -exercise in the IMSS (27 billion) and the ISSSTE (20 billion).
What is seen is a policy that raises a lot, but squeezes much more. It is a government that raises as a power, but spends as if it were on strike.
Health sub -assemblies are monstrous: more than 45 billion pesos
Subsejercices
By federal agency:
- PEMEX: -49,321.4 mdp
- IMSS: -27,079 mdp
- Isste: -20,840.7 MDP
- SICT: -19,442.2 mdp
- Non -sectorized entities (where is IMSS Welfare): -14,398 MDP
- Public Security: -7,247.1 MDP
- Health: -4,945 MDP
- Welfare: -4,559 MDP
- Agrarian, territorial and urban development: -2,026.1 MDP
- Environment: -1,433 MDP
- Science, Humanities, Technology and Innovation: -1,217 MDP
- Marina: -766 mdp
By functional classification:
- Health: -45,414.6 MDP
- Social Protection: -28,808 MDP
- Transportation: -26,999 MDP
- Public order and internal security issues: -6,445 MDP
- Financial and Landing Affairs: -6,445 MDP
- Housing and community services: -5,259 MDP
Debt grows silently
Public debt already exceeds 17.6 billion pesos. Today, each Mexican carries more than 135 thousand pesos in public debt. Besides, Since Sheinbaum assumed the presidency, the debt grew at 929 billion pesos. In September 2024 the figure was 16.7 billion pesos.
By the way, when López Obrador came to power in 2018, it was 10.4 billion. A difference greater than 7.1 billion pesos compared to March 2025.
And the important data: the SHCP accepts that 95% of the recent growth of the debt in 2025 has nothing to do with the dollar or with past six years. It is new indebtedness. Direct, current, approved.
Meanwhile, the payment of that debt was already swallowed 221 billion pesos only in interest in these first 3 months. Paying interests costs more than the annual budget of agriculture, Sedena, infrastructure, environment, energy or security dependencies.
The paradoxical is that they continue to use the old fobaproa ghost to distract, when the real problem is in their own accounting. The propaganda accuses Zedillo, but the debt the firm Morena.
It is not Zedillo, the increase in debt … is by decision of the current government
Where it hurts the most
The cuts are not only in health. There were also sub -proceedings in transport, security, science, housing, environment. Sectors that support growth, cohesion and future.
The government raises better, but spends worse. It charges more, but delivers less. It is not about efficiency. It is a fiscal abandonment where public presence is most needed.
And this is just beginning. Because if the first three months of the year look, the question is: Who will this government serve: people or your debt?
@Juan_ortizmx
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