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Mexico Slashes Pemex Aid by 70% to $4.8 Billion in New Budget
Source: Bloomberg
Energy Markets & PricesSovereign Debt & RatingsFiscal Policy & BudgetCompany Fundamentals
Mexico plans to cut financial support for Pemex debt payments to 81.1 billion pesos ($4.8 billion) in 2027, nearly 70% below the 263.5 billion pesos budgeted this year. The reduction would shift more debt-service pressure onto the heavily indebted state oil company and could heighten concerns over its funding needs and credit profile.
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