Federal collection has a real drop of 4.2% and closes the month of July at R$ 201.8 billion

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Accumulated for the year also starts to register a drop in comparison with 2022. Minister of Finance, Fernando Haddad had already said that the collection had ‘dropped’ in the entire country. The collection of taxes, contributions and other federal revenues recorded a real drop (after discounting inflation) of 4.2% in July this year, to R$ 201.83 billion. The information was released this Tuesday (22) by the Federal Revenue Service. This was the second month in a row of a real decline in revenue and the third alternating decline. In June, the retreat had been 3.4%. Before that, in March, the decrease was 0.42%. The comparison is always made against the same month last year, considered more appropriate by specialists. Collection starts to fall in the year With the new real reduction in July of this year, the government collection started to register a decrease, also, in the accumulated of 2023. Until June of this year, real increase was still being computed. But in the partial of the first seven months of this year, a drop of 0.39% was registered against the same period of 2022. From January to July of that year, R$ 1.27 trillion were collected. In values ​​corrected by the IPCA, the partial collection of 2023 totaled R$ 1.35 trillion, against R$ 1.36 trillion in the same period of 2022. Haddad: Tax reform is to seek justice, not collection Collection plummets, says Haddad The minister da Fazenda, Fernando Haddad, had already anticipated the problem. In an interview with journalist Reinaldo Azevedo, last week, he commented on the importance of the beginning of interest rate cuts by the Central Bank – which reduced the rate from 13.75% to 13.25% per annum in early August. “This middle cut [ponto dos juros], from a technical point of view, if it did not come we would have a serious problem in the economy. Because in July, revenues plummeted throughout the country”, declared Minister Haddad, last week. According to economists interviewed by g1, the beginning of the cycle of cutting the Selic rate will generate savings of up to R$ 100 billion in expenses with interest on the public debt and enable a smaller growth in the Brazilian public debt. (which limits most of the collection to the previous year’s inflation). The fiscal framework was approved by the Senate plenary last month, but, as it was changed by the senators, a new analysis needs to be carried out by the Chamber of Deputies. the vote is taken this week by the deputies. The rule of the fiscal framework depends on the growth of the collection. A survey carried out by economists from the Warren Rena brokerage indicates the need for at least R$ 254 billion in revenue increase, until 2026, to reach the floor of the primary result targets of the fiscal framework presented by the economic team. In April, the Minister of Finance, Fernando Haddad, stated that it is necessary to increase government revenue by an amount between R$ 110 billion and R$ 150 billion to close the gap in the government’s accounts, the objective of the economic team for next year. . Since then, he has been working on measures to increase revenue. The main one is related to a decision by the Superior Court of Justice (STJ), which defined in April that taxes should be levied on certain tax incentives given by states to companies and won the case to the federal government. The economic area has informed that it will also seek to raise revenue with other measures, which will still be presented to the Legislative, such as the end of interest on equity and through the taxation of exclusive funds.

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