A CIEP study finds just 10 of Mexico’s tax breaks cost about 776 billion pesos in 2026, some 2.1% of GDP, with the zero VAT on food the biggest.
Mexico · Economy
Key Facts
—The finding. A study by the think tank CIEP finds that just 10 of Mexico’s tax breaks will cost 775.9 billion pesos in 2026, about 2.1% of GDP.
—The share. Those 10 alone equal 46.4% of the government’s entire tax-break budget, so a small handful drives nearly half the cost.
—The big one. The zero rate of VAT on food is by far the largest, worth 471.7 billion pesos, or 1.26% of GDP on its own.
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