Mexico's tax haul neared a record in the first five months of 2026, yet in real terms it fell, the first such drop for the period in over a decade.
Key Facts
—The headline. Mexico’s tax revenue reached about 2.48 trillion pesos ($142 billion) in the first five months of 2026.
—The catch. Adjusted for inflation, that take actually fell about 1.4%, the first such drop for the period in years.
—The culprit. Income-tax collection slid about 5.8% in real terms as the economy stalled.
—The offset. Consumption taxes held up, with VAT bringing in about 703 billion pesos.
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