Mexico’s Ministry of Finance and Public Credit (SHCP) delivered the 2027 Economic Package to Congress on September 8, outlining the federal government’s proposed revenue, spending and fiscal strategy for the coming year. The proposal projects real GDP growth between 1.5% and 2.5% in 2027, supported by domestic consumption, public and private investment, and a stronger contribution from the external sector. 
 

Higher Revenue Without New Taxes

One of the package’s main priorities is strengthening public revenue without introducing new taxes or increasing general tax rates. Tax revenue is projected to reach a historic 15.9% of GDP in 2027, supported by greater collection efficiency, stronger enforcement and measures to reduce tax evasion and avoidance. 
 

The proposal includes modifications to the Income Tax Law and other measures designed to strengthen tax controls and broaden compliance. Overall budgetary revenues are expected to represent 23.2% of GDP, while the government seeks to continue gradually reducing its financing requirements. 
 

Fiscal consolidation also remains part of the strategy. Public Sector Borrowing Requirements (RFSP), the broadest measure of the fiscal deficit, are projected at 3.9% of GDP in 2027, 1.8 percentage points below their 2024 level. Meanwhile, the Historical Balance of Public Sector Borrowing Requirements, a broad measure of public debt, is expected to stand at 55.0% of GDP. 
 

Infrastructure and Investment Remain Priorities

Budgetary physical investment is projected at 2.6% of GDP, supporting projects in transportation, water and energy infrastructure, among other strategic areas. More broadly, Mexico’s Infrastructure Investment Plan for Development with Well-Being considers MX$5.7 trillion in public and mixed investment between 2026 and 2030, with resources directed toward energy, railways, highways, ports, water infrastructure, health and housing. 
 

The economic strategy also maintains the investment incentives included under Plan México. These measures are intended to mobilize private investment, strengthen domestic suppliers, increase national content in production and reinforce Mexico’s supply chains. 
 

Economic Outlook for 2027

In addition to the GDP growth range of 1.5% to 2.5%, the package assumes year-end inflation of 3.0% and an exchange rate of MX$18.00 per U.S. dollar. For companies evaluating or expanding operations in Mexico, the proposal signals continuity in the general tax framework alongside continued public investment in infrastructure and policies aimed at strengthening productive capacity and supply chains.