Federal collection totals R$ 2.21 trillion in 2022 and breaks a new historical record

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Increased inflation, interest rates and economic growth contributed to the result. In December alone, collections totaled R$ 210 billion, according to Federal Revenue figures. The collection of the federal government with taxes, contributions and other revenues reached BRL 2.21 trillion in the entire year of 2022, reported this Tuesday (24) the Federal Revenue Secretariat. In values ​​corrected for inflation, it totaled BRL 2.25 trillion, which represents a real increase of 8.18% compared to the year 2021 (BRL 2.08 trillion). Federal Revenue figures show that this was the highest collection, for a closed year, since the beginning of the historical series, in 1995. In December of last year alone, still according to official figures, federal collection totaled R$ 210.2 billion , with a real increase of 8.4% compared to the same period of the previous year. Factors that boosted revenue in 2022 Increase in the price of basic products, such as oil, minerals and food, due to, among other factors, the war in Ukraine. The higher price generated inflation in Brazil and profit for companies in these sectors, with an impact on federal revenue. Growth of the Brazilian economy, which contributes to companies’ profits and job creation. For 2022, the forecast of the financial market, collected last week by the Central Bank, is for a GDP expansion of 3%, against a higher increase, of 5%, in the previous year. The Federal Revenue noted that the increase in basic interest rates in the economy in the last year, reaching the current level of 13.75% per year, the highest in six years, also boosted collection. In 2022, the IRRF on Capital Income collected BRL 97.1 billion, with a real increase of 67.2%. The increase in wages was another factor that contributed positively to the increase in collection, as there was also an increase in social security revenues. There was a real increase of 5.98% in social security revenue in 2022, to BRL 564.7 billion. IPI and fuel On the other hand, the Federal Revenue also recalls that tax reductions were made last year, which contributed to reduce federal collection. The Tax on Industrialized Products (IPI) was reduced, with a loss of 17.2 billion in 2022, and also the PIS/Cofins on fuels, which generated a reduction of R$ 25.85 billion in the amounts collected last year . On January 2 of this year, the Lula government published a provisional measure that extends the exemption of federal taxes on fuel. However, according to the text of the MP, federal taxes were zeroed until the end of this year only for diesel, biodiesel, natural gas and cooking gas. As for gasoline, alcohol, aviation kerosene and vehicular natural gas, the exemption was extended until February 28 of this year. Last week, the Minister of Finance, Fernando Haddad, stated that the return of taxes on fuels is on the economic team’s radar, but that the final decision will be Lula’s. Accounts in blue in 2022 Good government collection numbers help public accounts. Last year, the fiscal target defined by the government is a deficit of up to R$ 170.5 billion. However, the former Ministry of Economy under the Bolsonaro administration estimated that the government’s accounts will register a primary surplus in 2022. If confirmed, an eight-year trajectory with accounts in the red will be interrupted. The primary balance indicates that the government should spend less than the year’s revenue, not counting expenditures on the public debt. Despite the positive result estimated for 2022, economists already assessed, even before the Lula government took office, that this improvement would be punctual since the accounts would go back to red in 2023. In the 2023 budget proposal, sent at the end of August to the National Congress by the Guedes’ team, the estimate for that year was a shortfall of R$ 65.9 billion. This amount did not include the maintenance of the Auxílio Brasil at R$600, that is, it was underestimated. The 2023 budget approved by the National Congress, already incorporating the effects of expenses authorized by the transition PEC, forecasts a shortfall of R$ 231.5 billion this year. The economic team commanded by Fernando Haddad, however, launched a fiscal package, focused on raising tax collection, and seeks to reduce the deficit to below R$ 100 billion.

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