Collection in 2022 has a real increase of 8.18% and records a historic record – 01/24/2023 – Market

Federal tax collection totaled BRL 2.2 trillion in 2022, a real increase (above inflation) of 8.18%. The level is a record in the historical series, which began in 1995, informed the Federal Revenue this Tuesday (24).

In the year, there was an increase in taxes paid by companies, in addition to the Income Tax on capital, due to the positive performance of funds and fixed income securities in the wake of the increase in the basic interest rate, the Selic, today at 13, 75%.

The collection of Simples Nacional also grew 12.54%, contributing to the historic record.

The collection record occurred even with a waiver of BRL 43 billion in exemptions on fuel and cuts in the IPI (Tax on Industrialized Products), measures adopted in the last year of Jair Bolsonaro’s (PL) administration.

According to the Tax Authorities, the reduction of IPI rates took R$ 17.2 billion from revenues – about half of that amount would be passed on to states and municipalities. Another BRL 25.85 billion was waived due to the cut in federal taxes on gasoline, diesel and ethanol.

The previous government’s decision to adopt a series of resignations has been criticized by the team of Finance Minister Fernando Haddad (PT), who launched a package of measures focused on recovering revenues in an attempt to reduce the deficit in the accounts.

One of the proposals is precisely to reverse the exemption on gasoline and ethanol as of March, although the minister himself acknowledged that this decision is still uncertain.

The package promises to deliver a fiscal improvement of BRL 242.7 billion in public accounts this year, enough to reverse the deficit of BRL 231.55 billion projected for 2023 and put the country back in the blue. But Haddad, preventively, has already admitted that the effect may be lower than expected. He has cited a deficit target of up to 1% of GDP (Gross Domestic Product), something close to R$ 100 billion.

Also according to the Revenue, federal government revenues totaled R$ 210.2 billion in December alone, an increase of 2.47% compared to the same month of 2021, already discounting the effect of prices.

The data shows that, despite the vigorous growth in the consolidated for the year, the collection lost strength in the final stretch of 2022.

In January of last year, the rate of increase surpassed two digits, with a real variation of 18.3% compared to the same month of 2021. As of July, this percentage has already been in just one digit.