Pemex will receive US$4.7 billion in transfers from the federal government

Petróleos Mexicanos (Pemex) will once again receive transfers from the federal government through the Ministry of Energy next year, when it will be allocated US$4.7 billion earmarked “for the repayment of debt and bank loans taken out in previous fiscal years,” according to the Draft Federal Expenditure Budget for fiscal year 2027.

Although there was a 70% decrease in this support—after US$16 billion was allocated in 2026 in real terms based on estimated 2027 prices—the state-owned company will continue to receive this support from the federal government; according to the company’s financial plan, this support is set to end in 2026.

The direct capital transfer is expected to be added to the US$31.1 billion that the state-owned oil company will receive as part of next year’s budget, an amount 1.3% lower than the spending allocated to the company in 2026.

In terms of capital expenditures, the planned spending increases to , which will account for 48% of the company’s budget; this includes a 0.4% decrease in the funds available for the national oil company’s operations.

In turn, the Ministry of Energy has a budget allocation of US$5 billion, which already includes the support it will provide to Pemex; once Pemex resumes operations, the ministry will have US$268 million in 2027.

In 2026, the secretariat headed by Luz Elena González had a budget allocation of US$16.3 billion in real terms, but as support for the oil company decreased, its spending increased to US$241.6 million, which means that next year it will be granted a 10.7% increase in spending, according to the Finance Ministry’s proposal.