Playa del Carmen Culture Institute Reports Over 2 Million Pesos in Debt

Playa del Carmen, Quintana Roo — The Municipal Institute of Culture and Arts of Playa del Carmen (IMCAS) reported a debt of over 2 million pesos in short-term accounts payable during the first quarter of 2026, according to its financial position statement.

The institute’s financial reports also show that between January and March it generated only 816,250 pesos in revenue from the sale of goods and services, as per the corresponding activity statement.

The debt is notable because the institute has not yet held major events this year, such as the Book Fair, considered one of its key cultural activities. In 2025, the fair took place in early April, featuring over 50 writers and around 80 cultural and artistic events.

On its official Facebook page, IMCAS had announced that the second edition of the Book Fair would be held from April 1 to 5 this year. However, the event did not take place as scheduled, and no new date has been officially announced.

According to the financial statements, IMCAS expects to receive 8,183,405 pesos in contributions, grants, agreements, tax collaboration incentives, transfers, subsidies, and other government support.

For the same period in 2025, IMCAS had received 51,466,767 pesos, reflecting a significant drop in reported resources.

The financial report also indicates that the institute holds 315,509 pesos as guarantees for third-party funds and assets.

Another notable figure is that during fiscal year 2025, IMCAS recorded expenses and other losses of 60,856,315 pesos, resulting in a deficit of 3,482,950 pesos in the savings/dissavings category.

As of now, the institute has not issued an official statement regarding the origin of the debt or the delay in holding the 2026 Book Fair.