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Finance Ministry Say Mexico May Refinance Yen Debt This Year

MEXICO

Mexico finance ministry publishes quarterly report:

    • Public income up 20.7b pesos in Q1 on fuel prices
    • Fuel subsidies helped contain prices by 1.3-2pts
    • Gas subsidies helped contain prices by 1.3-2 pts
    • Debt-to-GDP 45.4% in 1q, 4.6ppts down from Q4 2021 (BBG)
  • Mexico deputy finance minister Yorio speaks at press conference:
    • Mexico using oil windfall for spending, subsidies
    • Mexico may refinance yen debt this year
    • Mexico not planning new bond issuances other than yen (BBG)
  • Separately: Mexico Reports 66.5b Peso Jan.-March Budget Deficit (BBG)
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Mexico finance ministry publishes quarterly report:

    • Public income up 20.7b pesos in Q1 on fuel prices
    • Fuel subsidies helped contain prices by 1.3-2pts
    • Gas subsidies helped contain prices by 1.3-2 pts
    • Debt-to-GDP 45.4% in 1q, 4.6ppts down from Q4 2021 (BBG)
  • Mexico deputy finance minister Yorio speaks at press conference:
    • Mexico using oil windfall for spending, subsidies
    • Mexico may refinance yen debt this year
    • Mexico not planning new bond issuances other than yen (BBG)
  • Separately: Mexico Reports 66.5b Peso Jan.-March Budget Deficit (BBG)