High interest rates and economic conditions will cause the financial cost of the debt to be more than 1.26 trillion pesos in 2024, according to the Ministry of Finance and Public Credit (SHCP).
The projected amount for this item is 11.8 percent higher compared to the 1.13 trillion pesos that the agency estimated in 2023.
“For fiscal year 2024, the Federal Government’s asset and liability management strategy will continue to monitor and evaluate financial markets to identify favorable conditions that allow operations to smooth the debt maturity profile,” he said. the SHCP through the General Criteria of Economic Policy 2024.
The financial cost is made up of the payment of interest and other services derived from the acquisition of public debt. In the first half of the year, the treasury disbursed close to 608,934 million pesos for this concept.
According to SHCP projections, in 2024 a net internal debt ceiling of the federal government of one trillion 990 billion pesos was proposed, as well as one of 18 billion dollars for external issues.
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With the above, it is expected that the Historical Balance of the Financial Requirements of the Public Sector (SHRFSP) at the end of the year will be 16.7 billion pesos, equivalent to 48.8 percent of the Gross Domestic Product (GDP).
2023-09-09 03:55:01
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