Mexico Includes $14 Billion in 2026 Budget to Pay Pemex Debt

Mexico’s budget includes 263.5 billion pesos ($14.1 billion) for its embattled state oil company Petroleos Mexicanos to cover debt expenses in 2026, the latest in a string of financial lifelines for the debt-ridden driller.

The company’s proposed budget for next year totals 517.4 billion pesos ($27.7 billion), 7.7% higher than 2025, according to the document.