Chamber of Deputies generally approves the 2026 Income Law

The Chamber of Deputies approved this Friday in general the opinion with a draft decree by which the Federation Income Law for fiscal year 2026, which estimates a total collection of 10.2 trillion pesos, which represents 891,667 million pesos (48,460 million dollars) more than that expected for 2025.

Of this total estimate, the Government anticipates that 5.83 trillion pesos (about 317,272 million dollars) correspond to taxes; 1.63 trillion pesos (about 88,705 million dollars) to income from sales, benefits and services and other income; and an amount of net internal debt of up to 1.78 trillion pesos (about 96,868 million dollars).

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The approval of the opinion, which integrates concepts and estimates for next year’s collection, was given with 349 votes in favor, 128 against and zero abstentions.

Also, derived from the amount of tax revenue to be obtained during fiscal year 2026, Participatory federal collection is projected for 5.33 million pesos (about 290,061 million dollars).

Furthermore, the Income Law authorizes the Federal Executive, through the aforementioned forms of exercise of public credit, to obtain an amount of net external debt of up to 15.5 billion dollars.

Also, The law in question empowers Pemexand its subsidiary productive companies, to acquire an amount of net internal debt of up to 160,619 million pesos (about 63,077 million dollars) and an external net debt of up to 5,342 million dollars.

In turn, with the approval of the legislature, The Federal Electricity Commission (CFE) and its subsidiary productive companies will be able to obtain internal debt of up to 8,764 million dollars and another external debt of 996 million dollars.

In the opinion, the Finance Commission considered the forecasts contained in the general economic policy criteria to be correct, which projects a growth in the Gross Domestic Product (GDP) of between 1.8 and 2.8% real annually.

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Besides, The law provides for an average exchange rate of 19.3 pesos per dollar, an oil production platform of 1.8 million barrels per day and an average price of 54.9 dollars per barrel.

Also, the Commission argues that the law “seeks to consolidate efficient and responsible collection, maintain fiscal sustainability without increasing taxes, and strengthen productive public spending, particularly in infrastructure, social security, energy transition, and strategic projects such as the Interoceanic Corridor and the CFE.”

Finally, The Federal Income Law for fiscal year 2026 establishes clear controls on trusts, surplus income, indebtedness and uses, prioritizing transparency, macroeconomic stability and the responsibility of the Public Treasury.

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