Mexico's Senate approves the Ley de Ingresos de la Federación for 2027
27 October 2026
Mexico's Senate on 27 October 2026 approved the Ley de Ingresos de la Federación (LIF, Federal Revenue Law) for 2027, after the Cámara de Diputados (Chamber of Deputies) had passed it on 15 October by 340 votes to 109. In the Senate it passed in general by 79 votes to 34, with Morena, PVEM and PT in favour and PAN, PRI and MC against, and in particular by 75 votes to 34. The law projects revenue of 10 billones 636 mil 488 millones de pesos (about 10.6 trillion pesos), of which tax revenue is about 6.26 billones de pesos, mainly from ISR (income tax) and IVA (value added tax). It authorises a ceiling on net internal borrowing of up to 1.7 billones de pesos. The Senate also approved the Ley Federal de Derechos (Federal Law of Fees) by 79 votes to 34, and both laws were sent to the federal Executive for publication. With the revenue law approved, the Chamber of Deputies can take up the 2027 Presupuesto de Egresos de la Federación (federal expenditure budget).
In plain words
Ley de Ingresos de la Federación Federal Revenue Law — Annual law setting how much the federal government expects to collect and how much it may borrow; needs both chambers of Congress.
Congreso de la Unión Congress of the Union — Mexico's bicameral federal legislature: the Senate (Cámara de Senadores) and the Chamber of Deputies (Cámara de Diputados).
Ley Federal de Derechos Federal Law of Fees — Sets the fees the federal government charges for services and permits, such as migration and consular services.
billón One million million (10^12) — In Spanish a 'billón' is a million million, i.e. an English trillion.