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Mexico’s fiscal balance showed a significant improvement at the start of 2026, with the deficit narrowing to -19.32 billion pesos in January 2026 from -414.44 billion pesos recorded in December 2025. The latest figures were updated on 2 March 2026.
The sharp month-on-month adjustment suggests a substantial easing in the government’s financing gap after the year-end shortfall, a period that often reflects elevated spending and budget settlements. While the balance remains in deficit, the markedly smaller figure for January indicates a more contained fiscal position as the new year begins, setting a different tone from the heavy imbalance seen at the close of 2025. Investors and analysts are likely to watch upcoming releases for signs of whether this improvement is sustained in the following months.
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