Day 707 — Hacienda Delivers 2027 Economic Package to Congress: 10.64 Trillion Pesos in Spending, Deficit Widens to 3.9% of GDP

On September 8, 2026 (Day 707, Tuesday) at 6:00 PM, Finance Secretary Édgar Amador Zamora formally delivered the 2027 Economic Package (Paquete Económico) to the Chamber of Deputies, received by Chamber President Raúl Bolaños Cacho. The package — comprising the General Economic Policy Criteria, the Federal Revenue Law initiative, the Federal Expenditure Budget project and the Tax Miscellany — proposes total net spending of 10.636 trillion pesos against projected revenue of 9.157 trillion pesos, producing a budget deficit (Public Sector Financial Requirements) of 1.358 trillion pesos, equivalent to 3.9% of GDP — wider than the 3.5% figure previewed at Sheinbaum's September 3 mañanera, though Hacienda still frames it as "gradual" fiscal consolidation. Public debt is projected to rise to 55.8% of GDP in 2027 from 54.9% projected for 2026, attributed to higher debt-servicing costs and peso valuation effects on foreign-currency liabilities. Key macroeconomic assumptions: GDP growth of 1.5%–2.5% for 2027, year-end inflation of 3.0%, an average exchange rate near 18.0 pesos per dollar, a Mexican crude export mix price of $61.8/barrel, and oil production of 1.8 million barrels per day. Health spending is set at 1.1 trillion pesos (a 10%+ increase over 2026) and education at 1.3 trillion pesos, with social programs at 2.6% of GDP and infrastructure investment also at 2.6% of GDP; tax revenue is targeted at 15.4% of GDP, unchanged from 2026. Hacienda proposes income-tax law changes aimed at greater "fiscal equity" in business taxation plus additional anti-evasion and anti-false-invoicing measures, without raising existing tax rates. Separately, at her mañanera, Sheinbaum's Security Cabinet reported the national daily average of intentional homicides fell 53% comparing September 2024–August 2026, and Sheinbaum said fentanyl trafficking from Mexico to the U.S. has fallen more than 70%, a reduction she said U.S. authorities themselves recognize. She also defended the judicial reform, presenting data on reduced salaries, bonuses and benefits (including phone allowances) for the new Supreme Court justices — "still could lower it a bit there," she said, adding she pays her own cell phone bill — and said Mexico's decline on the 2025 PISA math exam was not unique to Mexico, while the OECD credited gains in science scores to the "Nueva Escuela Mexicana" curriculum.