Tax revenue during AMLO's six-year term had the second lowest growth in the century

Although the increase was less than in past periods, the revenue was the highest in history for a six-year term.

October 25, 2024

Tax revenue grew 16% during Andrés Manuel López Obrador's six-year term, the second lowest increase for a presidential term so far this century.

From January 2019 to September 2024, tax collection was 24 trillion 775,455 million pesos, which is the highest collection figure for a six-year term in history, according to figures from the Tax Administration Service (SAT) and the Ministry of Finance and Public Credit (SHCP).

During Enrique Peña Nieto's six-year term, tax revenue totaled 21 trillion 345,668 million pesos, representing a 57% increase compared to Felipe Calderón's administration.

During Felipe Calderón Hinojosa's six-year term, tax revenue amounted to 13 trillion 550,687 million pesos, a 7.45% increase compared to Vicente Fox Quesada's six-year term, in which 12 trillion 611,662 million pesos were collected, an increase of 29%.

The tax revenue achieved during López Obrador's six-year term is noteworthy, especially considering the pandemic, lower investment compared to previous administrations, and the fact that taxes largely replaced oil revenue. Furthermore, unlike the tax reforms implemented by Presidents Peña Nieto and Calderón, López Obrador did not undertake a tax reform.

The main challenge to increase tax revenue in the new six-year term will be to attract investment and ensure that money is circulating in the economy, so that this translates into tax payments, in addition to continuing the tax enforcement strategy implemented during López Obrador's six-year term.