For 2027, the financial cost of the debt will reach 1.58 trillion pesos, 548,500 million more than the 1.03 trillion planned for physical investment, according to Expansión. The public sector programmed close to 1.53 pesos in interest for every peso allocated to works and infrastructure.

On October 28, at the Milken Institute Global Investors' Symposium in Mexico City, Finance Secretary Édgar Amador Zamora presented the framework of the package: the 2027 budget earmarks 2.6% of GDP for infrastructure, complemented by public-private projects, and a deficit of 3.9% of GDP, according to Bloomberg Línea. The Ministry of Finance (Secretaría de Hacienda) argued that the weaker momentum in physical investment is offset by private participation through mixed investment schemes set out in the Law for the Promotion of Investment in Strategic Infrastructure, according to the General Economic Policy Criteria. For Mexico the figure matters because servicing debt already contracted is paid before resources are assigned to new works, and that order defines how much room remains for infrastructure in each fiscal year.

Of the 1.03 trillion in physical investment, the largest line item is trains, at 300,750 million pesos. It is followed by Pemex's productive investment, at 255,529 million, and CFE's, at 60,991 million. Amador Zamora maintained that "investment in infrastructure is fundamental to raising Mexico's growth potential" and that the Infrastructure Investment Plan foresees more than 300,000 million dollars in public and mixed investment by 2030 in energy, rail, highways, ports, health, water and education.

The Expenditure Budget must be discussed and approved no later than November 15. The indicator to watch is how much of that mixed investment is committed in the decree: on that depends whether the 2.6% of GDP translates into works in the coming fiscal years and whether the ratio of 1.53 pesos per peso holds or moderates.

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