Benito Juárez Aims to Cut Public Debt, Rules Out New Loans

Cancún, Quintana Roo — The Benito Juárez municipal government plans to keep reducing its public debt before the current administration ends and has ruled out taking on new loans, according to the city treasurer, José Alan Herrera Borges.

“We are not looking for loans, we are not looking to indebt the municipality; we are looking to be one of the best municipalities at the national level,” Herrera Borges said.

Debt reduced without new financing

Herrera Borges said the debt has fallen from roughly 700 million pesos at the start of the administration to about 600 million pesos, with no new financing or restructuring of existing credits. He said the goal is to continue cutting the balance and hand over to the next administration a government with fewer financial obligations.

“We want to see if this year or next we can make direct payments to principal, so that we can lower the debt and leave the next administration with a government with less debt,” he said.

The treasurer said the lower debt load has preserved the municipality’s financial capacity to carry out public works without increasing borrowing. Projects have included street paving, construction of wells, installation of traffic lights, safe crossings, and urban improvements in recently regularized neighborhoods.

Budget transparency platform

Herrera Borges also announced plans for a budget transparency platform that would let residents see how much the municipality collects, how resources are distributed, and where they are spent. He said the tool is meant to make public finance information easier to access.

“We want people to know how the municipality’s public finances are managed. We have no reservations about sharing information,” he said.

If the project goes ahead, Benito Juárez could become the first municipality in Quintana Roo to offer such a tool for directly disclosing revenue and public spending.

Financial ratings

Herrera Borges also noted that Benito Juárez holds a national AAA credit rating and ranks among the best-evaluated municipalities in the country. He said Fitch Ratings will conduct a new review soon to determine whether the municipality keeps its positive outlook or improves its rating.

The treasurer said these indicators support the municipality’s finances and build trust among citizens and investors, reflecting stability and discipline in managing public resources.

“We are not seeking loans, we are not seeking to indebt the municipality; we are seeking to be one of the best municipalities at the national level,” he said.