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%.
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