The Mexican Secretariat of Finance and Public Credit (SHCP) confirmed it will forgo 15.8 billion pesos in tax revenue during 2026. The shortfall stems from federal stimulus programs designed to offset rising fuel costs at gas stations across the country.
These measures involve reducing the Special Tax on Production and Services (IEPS) applied to diesel, Magna, and Premium gasoline. The government uses these adjustments to prevent sudden price spikes for consumers.
Economic policy projections
The SHCP disclosed the figures in its 2027 General Economic Policy Pre-criteria document, which was submitted to Congress on Wednesday, April 1. Officials stated that the primary objective of the subsidies is to protect household purchasing power.
"The federal government's tax revenues will be 15.8 billion pesos below projections as a result of the support granted through the IEPS stimulus for fuels," the agency reported in the document. The government noted that the policy also aims to contain inflationary pressures on transportation and production costs.
A fiscal stimulus functions as a government-approved mechanism that allows individuals or corporations to reduce, defer, or eliminate specific tax obligations. In this instance, the policy directly lowers the federal IEPS per liter of fuel sold.
By absorbing part of the tax burden, the administration attempts to stabilize energy prices for the general public. While this provides immediate relief at the pump, it reduces the total tax intake available for federal spending.
The SHCP’s report serves as a preliminary outlook for the nation's financial trajectory. Lawmakers will review these figures as they prepare for upcoming budgetary cycles.
