Mexico ‘Is Doing Very Well’, Sheinbaum Says Before Second Report as Public Investment Jumps 62.6%
MEXICO · POLITICS
Key Facts
—The message: “Mexico is doing very well and I am very optimistic,” Sheinbaum said days before her second report.
—The date: The Segundo Informe is set for 1 September, closing a tour of states that ends at the Zócalo.
—Investment: Public physical investment jumped 62.6 percent in July, according to the finance ministry’s monthly report.
—Debt costs: Hacienda says the public sector’s financial cost fell 4.8 percent year on year.
—The economy: The government cites record foreign investment, rising GDP and a peso near 16.97 per dollar.
—The catch: The quoted numbers are July figures, and the real budget test arrives with September’s 2027 package.
Claudia Sheinbaum says Mexico is doing very well as she prepares her second annual report on 1 September. Fresh finance ministry figures hand her one striking number: public investment jumped 62.6 percent in July.
What the president said before the report
“Mexico is doing very well and I am very optimistic,” Sheinbaum said this week, according to Milenio and Excélsior. She spoke days before delivering her Segundo Informe de Gobierno on 1 September.
The president framed the report around the economy, quality of life and falling violence. A Cadena RASA survey reported her approval at 68.4 percent going into the address.
Preparations for the address have run all week, Unomásuno reported. City media even flagged changed Metro hours for 1 September, El Heraldo de México said.
The president has turned the report into a travelling exercise in accountability. Her tour of the states ends with a closing event at Mexico City’s Zócalo, El Financiero reported.
The July number behind the optimism
The standout statistic comes from the finance ministry’s July public finances report. Public physical investment, the spending that builds infrastructure, grew 62.6 percent, La Silla Rota reported.
La Silla Rota said the acceleration covers budgeted infrastructure programmes across the federal government. The ministry publishes the figures in its monthly public finances release.
That is the kind of figure Sheinbaum needs for her argument. Her government has promised visible works after years in which budget pressure squeezed capital spending.
Infrastructure outlays of that size also matter for growth. Construction crews and suppliers feel them within months, long before the projects themselves open.
Debt costs and the peso
Hacienda also reported that the public sector’s financial cost fell 4.8 percent year on year, according to La Jornada. Cheaper debt service frees room in the budget for programmes and works.
The same reporting cycle showed oil income recovering, Energy21 noted this week. That rebound has helped the treasury after a weak start to the year.
The government has also pointed to record foreign direct investment, rising GDP and a strong currency. Vanguardia put the peso near 16.97 per dollar this week.
A firm peso helps importers and holds down fuel prices. It squeezes exporters and remittance recipients, whose dollars now buy fewer pesos than a year ago.
The politics of a second informe
Mexico’s constitution requires the president to report to Congress at the start of each September. It will be her second such address in a six-year term.
Her party’s majorities in Congress mean the report will face ritual criticism rather than a real challenge. The substantive argument will come over the budget.
The opposition will contest the rosy reading, above all on security and public finances. The government answers with the approval polls and the July investment figure.
The state tour has doubled as a campaign-style showcase for local projects. Each stop let the president read out works and spending by state before the national audience.
What to watch from here
The first test is the 1 September ceremony itself at the Zócalo. The tone the president strikes there will set up the budget fight that follows.
The second is the 2027 budget package, due in September. It must show how a 62.6 percent investment jump squares with the deficit path the ministry has promised.
The third is whether the investment pace holds beyond July. For markets, a second strong month in August would turn a headline into a trend.
Frequently Asked Questions
When is Sheinbaum’s second government report?
On 1 September, closing a tour of the states that ends at Mexico City’s Zócalo. It is her second annual report of a six-year term.
What did Sheinbaum say about Mexico’s situation?
“Mexico is doing very well and I am very optimistic,” she said days before the report. She cited the economy, quality of life and falling violence.
How much did public investment grow in July?
Public physical investment rose 62.6 percent, according to the finance ministry’s July report, as reported by La Silla Rota.
What is happening with Mexico’s debt costs?
Hacienda reported the public sector’s financial cost fell 4.8 percent year on year, according to La Jornada.
How popular is the president going into the report?
A Cadena RASA survey put her approval at 68.4 percent in the days before the second informe.
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