Federal revenue in 2023 records 1st real drop since 2020

The Federal Revenue Secretariat reported this Tuesday (23) that collection from taxes, contributions and other revenues recorded a real drop of 0.12% last year, compared to the year 2022. The accumulated value was R $2.358 trillion.

The economic team of President Lula’s government expected a better accumulated result for 2023 than 2022 to reduce the primary deficit in public accounts. Added to the increase in spending, the reduced cash flow makes the objective of balancing the primary result this year increasingly challenging, as imposed by the target established by the new fiscal framework.

In the last month of last year, Brazil raised R$231.2 billion, a value 5.15% higher than the same period in 2022 and the highest in the historical series since 1996.

According to the IRS, the result was influenced by changes in tax legislation and atypical payments, such as Corporate Income Tax (IRPJ) and Social Contribution on Net Profit (CSLL), both in 2022 and 2023.

“Without considering non-recurring factors, there would be a real growth of 3.05% in revenue for the accumulated period and a real increase of 4.54% in revenue for the month of December”, explained the Revenue.

Collection in December

The highlights highlighted by the Revenue, in the month of December, were the IRRF-Capital Income, which presented a collection of R$ 25.2 billion, resulting in a real growth of 21.57%, resulting from nominal increases of 26.30 % in the collection of Fixed Income applications from individuals and legal entities, and 1.44% in the collection of Fixed Income funds.

R$3.9 billion were also collected from the taxation of investment funds in the country and income earned by individuals residing in the country in financial investments, controlled entities and trusts abroad.

PIS/Pasep and Cofins collections closed the month of December at R$39.6 billion, representing real growth of 12.15%. This performance is explained by the combination of a real increase of 4.30% in sales volume and a real decrease of 0.30% in the volume of services between November 2022 and November 2023. In addition to the change in taxation on diesel, gasoline and alcohol; and a 3% increase in the amount of tax compensation.

In relation to IRRF-Capital Income, there was a collection of R$123.6 billion, resulting in real growth of 21.60%.

PIS/Pasep and Cofins together presented a collection of R$ 435.7 billion, representing real growth of 2.4%.

According to the Federal Revenue Service, this performance is explained by the combination of real increases of 3.54% in sales volume and 3.08% in service volume between December 2022 and November 2023, in relation to the period between December 2021 and November 2022. Also contributing to the result was the gradual return of taxation relating to the fuel sector (gasoline, alcohol and diesel) and the 12.5% ​​increase in the amount of tax compensations. With information from Agência Brasil.