Mexico’s Historic $891B Revenue Law for 2026

The Federal Government estimates revenues of more than 10 trillion pesos for 2026, driven by higher tax collection and new financial mechanisms.

Mexico Approves a Historic Revenue Law for 2026

On Friday evening, the Official Journal of the Federation officially published the decree that brings the Revenue Law of the Federation for the 2026 Fiscal Year to life, marking the beginning of a new economic stage for the country. The document, which will take effect on January 1, 2026, projects that Mexico will collect 10 trillion, 193 billion, 683.7 million pesos, a record figure in the history of public finances.

Behind this monumental number are months of discussion, voting, and technical adjustments. On October 17, the Chamber of Deputies gave the green light to the ruling with 349 votes in favor, 128 against, and zero abstentions, consolidating a project that reflects the federal government's economic expectations and its commitment to strengthening collection without resorting to generalized tax increases.

This increase of 891 billion, 667 million pesos compared to the previous year not only means more resources but also a greater responsibility for their administration and application, in a national and international context of financial uncertainty and inflationary pressures.

Breakdown of Revenue: The Weight of Taxes and Contributions

The heart of the Revenue Law lies in taxes, which once again consolidate as the main source of public financing. For 2026, the Federation is expected to obtain 5 trillion, 838 billion, 541.1 million pesos from this category.

These resources are supplemented by 641 billion, 782.1 million pesos from Social Security Fees and Contributions, while Improvement Contributions represent just 39.6 million pesos, evidencing their marginal character within the total.

Under the category of Rights, a collection of 157 billion, 081.7 million pesos is contemplated, while for Products and Exploitations, 16 billion, 488.3 million and 203 billion, 520.5 million pesos are forecast, respectively. Each figure represents more than a quantity: it is a commitment to maintain the stability of public revenues and sustain social spending, priority programs, and infrastructure investments.

New Sources of Financing and Government Strategies

In addition to tax revenues, the 2026 Revenue Law contemplates a strong presence of resources derived from sales of goods, services, and other income, which add up to 1 trillion, 630 billion, 973.6 million pesos.

To this, 232 billion, 630.4 million pesos are added from transfers, allocations, subsidies, and grants, in addition to pensions and retirements, reflecting the growing fiscal burden of the social security system.

The last major block of resources comes from income derived from financing, calculated at 1 trillion, 472 billion, 626.4 million pesos, a figure that shows the government's intention to maintain a balance between responsible debt and budgetary sufficiency.

In simple terms, Mexico plans to spend more, but also to collect better, leveraging digital tax administration tools, combating evasion, and achieving greater efficiency in tax management.

Political and Economic Context of the 2026 Fiscal Package

The approval of this law occurs in a key political scenario: the last full year of management for the current government before the change of administration. Therefore, the eyes of the private sector, analysts, and international organizations are on the fiscal goals and their impact on the country's economic confidence.

The Ministry of Finance and Public Credit has maintained that this fiscal package seeks to guarantee the continuity of social programs and macroeconomic stability, without imposing new tax burdens on the population.

However, various sectors warn that the challenge is not only to collect more, but to spend better and with total transparency. The 10 trillion pesos that the country projects to collect represent an ambitious bet to sustain growth, promote infrastructure projects, and maintain the balance of public finances in the face of an international landscape marked by trade tensions and fluctuations in oil prices.

What Follows for Mexico in 2026

With the publication of the Revenue Law in the Official Journal of the Federation, the next step will be the approval of the Federal Expenditure Budget, which will define how these resources will be distributed. This instrument will be decisive in knowing which sectors will receive priority: health, education, security, public works, or social programs.

The execution of this law will mark the country's economic course in a year that promises to be decisive. The magnitude of the projected resources and the need to administer them efficiently will be key factors in maintaining the confidence of investors, citizens, and international organizations.

Mexico thus enters a new financial stage with great challenges, but also with opportunities to consolidate its economic growth.