TRANSPARENCY SNAPSHOT

Transparency in Mexico has advanced at an uneven pace. Federal transparency standards do not necessarily apply at sub-national levels and some states have yet to enact transparency laws along the lines of federal legislation. Although information regarding public finances is published periodically, there are areas where information access and accountability still require improvement, particularly in clarity, reach and timing.

Mexico's federal government depends largely on oil revenue, and this dependency extends to states and municipalities, which count on federal transfers to cover their budget. Mexico's public finances continue to rely on the natural resource sector, as illustrated by the nation's annual oil revenue of about USD $90 billion in 2006 and 2007, accounting for 30-40% of the federal budget.
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EXTRACTIVE INDUSTRIES

Mexico is a major oil producer and exporter. In 2007 total oil production reached 3.5 million barrels daily and oil exports 1.5 million barrels daily. Mexico is the 6th largest crude producer and the 10th largest exporter. Although Mexico is also a significant producer of natural gas, it is a net importer of this commodity.
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