Macroeconomy/Finance

Revenue dropped 39% so far in May

The National Government’s collection plummeted mainly due to a real decrease of 60% in the Income Tax, concerning that collected in 2019, following the postponement of due dates. The VAT collection fell by 13% due to a nominal increase of 25.2%, below the annual inflation rate for the period. At the national level, a decrease of 8% in the fuel tax was observed, although in this case, the daily dynamics is very variable.

Source: Ámbito

Categories: Macroeconomy/Finance