CIEP: Mexico's Energy Sector Carries a 35,149 mdp Deficit in the 2027 Budget Package

The 2027 Economic Package projects energy sector revenues of 1 trillion 413,300 million pesos (mdp) and spending of 1 trillion 448,449 mdp, a deficit of 35,149 mdp, according to the analysis "Implications of the 2027 Economic Package" by the Center for Economic and Budgetary Research (CIEP), presented on September 11, 2026.

The document was released four days after the Finance Ministry delivered the package to the Chamber of Deputies, according to Bloomberg Línea. CIEP Executive Director Judit Méndez summarized it at a press conference: "It is realistic but vulnerable." Energy sector revenues fall 8.0% in real terms and represent 15.4% of the 2027 Revenue Bill Initiative, while spending equals 3.7% of Gross Domestic Product (GDP). Researcher Sunny Villa noted that the sector's physical investment totals 1 trillion 26,474.4 mdp, up 3.5% in real terms, though the financial investment of Budget Branch 18 Energy contracts 67.7%. On the energy bridge with the United States, the generation and transmission budget sets the pace for the public capacity supporting electricity trade and natural gas flows.

According to Energía a Debate, transfers to Petróleos Mexicanos (Pemex) channeled through the Ministry of Energy (Sener) total 81,103 mdp, 10.5% of the company's estimated revenues and 69.2% less than the 263,500 mdp recorded in 2026. Sener spends 85,634 mdp in total, of which that transfer accounts for 81,103, leaving 4,531 mdp for Conuee and INEEL. At the Federal Electricity Commission (CFE), revenues from sales total 509,863 mdp (down 8.4% in real terms) against spending of 575,216 mdp, a deficit of 65,353 mdp covered by subsidies of 90,402 mdp and leaving a surplus of 25,049 mdp. CFE's physical investment stands at 60,991.6 mdp, down 3.4% in real terms, with no line item for clean generation. The document does not identify any appropriation that supports the target of raising renewables from 24% to 38% by 2030.

The next checkpoint is the bill's deliberation in the Chamber of Deputies, where sector spending may be adjusted. In parallel, the National Energy Commission (CNE) must rule between November 4 and 5 on the permits for the Second Call for strategic electricity projects, whose schedule Sener modified for the fourth time on September 10.

This article was written with artificial intelligence assistance from verified sources and reviewed by a human editor before publication.