Also, last February, the public sector budget revenues amounted to 650,000 million pesos, 3.1% higher in real terms compared to that reported in the same period last year, the SHCP.
According to the report of Public Finance of the Ministry of Finance and Public Credit (SHCP), this result was due to growth in non-oil tax revenues in the first quarter amounted to 339,000 million pesos, representing a growth of 8.1% in real terms compared with the same period last year.
In its interior, the collection of income tax (ISR) rose 14.4% real , the Value Added Tax (VAT), 12.4, and the Special Tax on Production and Services (IEPS), 6.8 percent.
Meanwhile, the balance of the net internal debt of the Federal Government at the end of February was three billion pesos 965.9 million, higher by 71,900 million recorded at the end of December 2013.
He added that the change in balance is explained by a net debt of 159,900 million pesos, accounting for upward adjustments of 17,500 million pesos and increased availability of federal government 105,400 pesos.
In turn, the balance of net federal government debt was 71,100 million, higher by 1,200 million compared to that observed at the end of 2013, the agency stated.
Regarding oil revenues (which include Pemex's own revenues, the excise tax on gasoline and diesel, duties on oil and oil tax returns) totaling 190,900 million, down 1% in real terms compared with the same period in 2013.
The agency noted that this result is mainly explained by the lower average price of the Mexican crude oil due to lower oil and natural gas, on 2 and 3.3%, respectively, effects which are partially offset by the lower price of gas natural to 16.6% in the period referred to.
He noted that the income of the entities under direct budgetary control of Pemex totaled 96,100 million, representing a 3.8% real growth compared to the same period of 2013.
He indicated that no non-oil tax revenue is placed at 24,000 million pesos, 24.3% lower amount in real terms than in the same period last year due to lower revenues and utilization rights.
The Ministry of Finance said that in February 2014, the balance of public finances recorded a deficit of 45,700 million pesos.
The primary balance, he said, showed a deficit of 7,300 million pesos, and if the investment of Petroleos Mexicanos (Pemex) is excluded, the public balance recorded a surplus of 18,000 million pesos.
While financial requirements of the public sector totaled 66,000 million pesos. Results are consistent with the target for these variables passed by Congress.
