Mexico's Financial Plan for Pemex

(Reuters) – Mexico plans to set aside about $6 billion from its 2025 draft budget for heavily indebted national oil company Pemex. This funding aims to assist with the company's debt obligations next year, according to Bloomberg News, citing sources familiar with the matter.

Despite government efforts to reduce debt, Pemex currently has financial debt totaling approximately $100 billion and provider debt around $20 billion.