Productive investment in Mexico collapses, falling by 44.9%

In the first two months of the year, there was a 44.9% drop in productive investment in Mexico, marking one of the sharpest declines to date. President Claudia Sheinbaum unveiled an Infrastructure Plan aimed at promoting projects in partnership with the private sector and through private financing.

According to reports from the Ministry of Public Finance, the federal public sector spent US$4.808 billion on physical investment, a category that includes resources allocated to infrastructure and tangible assets, such as machinery and equipment.

In the case of energy investment, a 75.3% decline in real terms is reported, falling from US$5.273 billion in the first two months of last year to US$1.355 billion in the comparable period of the current year.

Throughout last year, when the Ministry of Finance and Public Credit had set a goal of reducing the public deficit—which was not achieved as expected—the agency reiterated that the declines in physical investment were due to the comparison with 2024.

In reports to Congress, budget revenues in the first two months of the year totaled US$78.555 billion, 2% more than in the comparable period of last year; while net spending was US$83.890 billion, 2.5% more than what was recorded through February 2025.

In this context, the growth of public debt in its broadest measure—the Historical Balance of Public Sector Financial Requirements—also rose by 2.2% in real terms, ending February at US$1 trillion 321.48 billion.