In the fourth consecutive drop, government revenue fell 0.3% in September, to R$ 174.3 billion

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Data was released by the Revenue this Tuesday. The economic team is trying to increase revenue to eliminate the deficit in 2024. To do this, it will need to increase revenue by R$168 billion. The collection of taxes, contributions and other federal revenues registered a real drop (after discounting inflation) of 0.34% in September this year, to R$ 174.31 billion, the Federal Revenue reported this Tuesday (24). This was the fourth consecutive month of a real drop in revenue in 2023. The comparison is always made against the same month last year, considered more appropriate by experts. In June, the decline was 3.4% and, in July, it was 4.2%. Last month, the drop was 4.1%. Therefore, although it retreated in September, the pace of reduction was lower than in recent months. The Federal Revenue has explained that the drop in the prices of “commodities”, such as oil and iron ore, has negatively affected revenue this year. The impact has been on the collection of Corporate Income Tax (companies) and Social Contribution on Net Profit (CSLL) – which showed a drop of R$4.68 billion in September. The result was not worse because the collection of PIS/Cofins, federal taxes, increased by R$2.63 billion in September. In this case, the IRS has informed that this is linked to the increase in taxes on fuel announced by the economic team. Revenue also falls in part of the year With the new real reduction in September of this year, government revenue also recorded a drop in the accumulated result for 2023. In the partial of the first nine months of this year, the decline was 0.78% compared to the same period 2022. From January to September 2023, R$1.69 trillion was raised. In values ​​corrected by the IPCA, partial revenue in 2023 totaled R$ 1.71 trillion, against R$ 1.72 trillion in the same period in 2022. Attempt to eliminate deficit The numbers were released at a time of discussion by the National Congress of measures sent by the federal government to try to increase revenues in the 2024 budget. The objective is to seek a zero deficit for public accounts – a promise from the economic team that was included in next year’s budget proposal. Among the measures announced are the increase in taxes on fuel, changes to Carf, the taxation of exclusive funds and the end of the interest on equity regime. The government has already informed that it will need an additional R$168 billion to close the accounts in 2024, but if revenue continues to fall, achieving balance in the accounts in 2024 will be more difficult. For experts interviewed by g1, in addition to trying to increase revenue, the economic team also needs to act by cutting expenses.

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