According to data published by Mexico’s Ministry of Finance and Public Credit (SHCP) for the first quarter of 2025, the government of Mexicali has successfully reduced its public debt for 14 consecutive quarters.
“At the start of our first term in office (2021), the city’s financial obligations stood at 949 million pesos. Thanks to the responsible financial management led by our treasurer Roger Sosa, we have lowered this amount to 896 million pesos as of March 31, 2025 without taking out a single new loan,” said Mayor Norma Bustamante.
The report notes that Mexicali’s current public debt was inherited from previous administrations. Mayor Bustamante’s government is now addressing this burden without diverting funds away from essential public services and infrastructure projects demanded by residents.
This consistent debt reduction over three years and six months underscores the city’s effective financial stewardship, as reflected in the latest figures released by the federal finance ministry.
In addition, thanks to the responsible use of public funds, ratings agency HR Ratings recently reaffirmed Mexicali’s credit rating at HR A+ with a stable outlook under Mayor Bustamante’s administration.
The agency also highlighted that no new financing is planned for the coming years, providing further independent confirmation of the sound financial management guiding the capital of Baja California.
