Mexican lawmakers approve 2027 revenue law

The Chamber of Deputies approved Mexico's Federal Revenue Law for 2027, according to Bloomberg Línea. The law sets a total pool of resources and a fiscal framework that has generated debate over its projections of borrowing and deficit for the coming fiscal year.

According to information published by Bloomberg Línea, the approved bill provides for specific borrowing and a fiscal deficit that the outlet describes as complex for the country's public finances heading into 2027. The legislative discussion also incorporated changes to tax incentives and administrative facilities, Expansión reported.

This budget framework is being debated in an environment in which international organizations are projecting the performance of the Mexican economy. According to projections from the International Monetary Fund (IMF) cited by El Financiero, the country's real gross domestic product will grow 2.2% in 2027, after expanding at a slower pace in the preceding years.

Approval of this revenue package marks the start of the legislative process for the federal budget, a key instrument for defining public spending, tax collection and the level of financial obligations the Mexican state will take on in 2027.