Mexico to Help Pemex With Taxes Deferment, Yorio Says: Reuters

Mexico’s government will help state oil company Pemex pay its debt amortizations in 2023 by providing it with liquidity through a deferment of the taxes it pays the state, Deputy Finance Minister Gabriel Yorio said in an interview with Reuters.

• NOTE: Pemex pays to the government a profit sharing rate, known as DUC, of 40%
• Pemex has already paid around $6b in debt amortizations for 2023 and has another $2.5b left to pay in the year, Yorio said, according to Reuters
• Delaying Pemex’s payment of the DUC should give Pemex some $2b in cash flow, Yorio said
• NOTE: Pemex Can ...