The growth of interest on public debt slows down

The percentage of the budget that the Treasury allocated to debt payment was very close to that allocated to physical investment (public infrastructure), which was 11.3% in the January-April period of this year.

Last year, the proportion for debt payment was greater than that allocated to physical investment; 13.4% versus 10.4%, respectively.

The cost of debt in Mexico saw the effects of increases in central bank reference interest rates to a greater extent last year compared to 2022, while this year it has remained at very similar levels to last year.

In the first quarter of the year, the Treasury carried out refinancing operations, which, according to Gabriel Yorio, Undersecretary of the Treasury, helped generate savings of 40,000 million pesos.