Mexico's central government debt saw a notable reduction during the 1990s, dropping from in 1990 to in 2000, driven by economic reforms and debt restructuring following the 1980s debt crisis. However, the 1994 Tequila Crisis caused a temporary spike to in 1995 as government intervention stabilized financial markets.
Debt ratios began rising again after 2008, following the global financial crisis, and reached in 2020 amid COVID-19-related expenditures. Despite economic pressures, Mexico managed to maintain debt levels around by 2022, reflecting a balance between fiscal discipline and growth policies.
Debt ratios began rising again after 2008, following the global financial crisis, and reached in 2020 amid COVID-19-related expenditures. Despite economic pressures, Mexico managed to maintain debt levels around by 2022, reflecting a balance between fiscal discipline and growth policies.
