The difference between public income and spending hits a record in April

Income is barely growing

According to the Treasury, tax revenues barely grew, compared to January-April 2023, driven by the Special Tax on Production and Services (IEPS), while the collection of Income Tax (ISR) fell 1.5%, despite that in March and April, legal entities and individuals presented their annual declaration, respectively.

Regarding oil revenues, they barely grew 3.8% in real terms annually; It should be noted that oil revenues for the federal government decreased 31.9%.

Growth spending

Net spending grew 18.1% real annually, driven by current spending with 19.1%; This expense focuses on the payment of personal services, materials and supplies, and general services.

Meanwhile, capital spending, destined for investments in the financial sector and infrastructure, grew 49.7%; Within this, physical investment (infrastructure) grew 27.7% real annually.

Meanwhile, the financial cost of the debt grew 0.8%, and resources for Adefas increased 41.2%.