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By Natalia Siniawski and Adriana Barrera <\/p>\n
MEXICO CITY, Sept 8 (Reuters) – Mexico’s finance ministry projects economic growth of between 1.5% \u200cand 2.5% in 2027, while the broader public sector deficit \u200cis forecast to narrow to 3.9% of gross domestic product (GDP), according to a draft \u200bbudget proposal submitted to Congress on Tuesday. <\/p>\n
\u2022 The budget document shows a 2026 growth estimate of 1.0% to 2.0%, down from an earlier projection of 1.8% to 2.8%. <\/p>\n
\u2022 The public sector deficit compares to 4.1% \u200cof GDP projected for \u20602026. <\/p>\n
\u2022 The 2027 outlook is driven primarily by solid domestic demand, higher household incomes, less restrictive financial \u2060conditions, and investment tied to infrastructure projects and tax incentives under the “Plan Mexico” initiative. <\/p>\n
\u2022 Additional support is expected from export growth backed by North \u200bAmerican trade \u200bintegration. <\/p>\n
\u2022 Total public debt, as \u200bmeasured by the Historical Balance \u200cof Public Sector Borrowing Requirements (SHRFSP), is seen reaching 55.0% of GDP in 2027, compared with 54.0% estimated for year-end 2026. <\/p>\n
\u2022 Headline inflation is projected to finish 2027 at 3.0%, in line with the Bank of Mexico’s official target. <\/p>\n
\u2022 State oil firm Pemex is slated to \u200creceive 81.1 billion Mexican pesos ($4.80 billion) \u200bfrom the federal government to pay down \u200bdebt in 2027, compared with \u200b263.5 billion pesos in the prior budget. The \u200cgovernment also earmarked 255.5 billion pesos \u200bfor Pemex’s priority \u200binvestment projects. <\/p>\n
\u2022 The macroeconomic framework assumes Mexico’s crude export mix will average $61.80 per barrel in 2027, down from an estimated $78.40 \u200bper barrel in 2026. <\/p>\n
\u2022 \u200cTotal liquid hydrocarbon production is projected at 1.80 million barrels \u200bper day.($1 = 16.9062 Mexican pesos) <\/p>\n
(Reporting by Adriana Barrera and \u200bNatalia Siniawski; Editing by Anthony Esposito) <\/p>\n<\/p><\/div>\n