Senate Committees Approve 2026 Federal Revenue Law

Mexico’s Senate committees have approved the Federal Revenue Law (LIF), which includes a proposed debt ceiling of MX$1.78 trillion (US$96.53 billion) for next year. In total, 21 senators voted in favor, 8 against, and none abstained. The bill now goes to the full Senate, which has until Oct. 31 to pass.

The LIF projects MX$10.1 trillion in revenue for 2026, of which MX$1.75 trillion will come from financing. The government expects a record MX$5.8 trillion in tax collection, representing a 6.5% increase compared to this year’s approved budget. 

MORENA Senator Miguel Ángel Yunes said that the figures in the proposal are realistic and based on prudent macroeconomic assumptions. “It is a responsible estimate (...) fiscal policy is not an end in itself but a means to improve people’s lives,” he stated.

During the session, only the committee chairs presented their proposals; neither opposition nor MORENA alliance members spoke further. However, in the earlier debate on related rulings, some senators raised concerns about the country’s growing debt. PAN Senator Ricardo Anaya noted that national debt has doubled in seven years, and the government has failed to stabilize it.