Revenue grew 72.7% year-on-year in May

The National Government’s tax collection in May reached 862,480 million pesos ($9.11 bn). In nominal terms, this represented a 72.7% growth compared to May last year and a 5.5% growth compared to April this year. The higher revenues were mainly due to Export Duties (DEX), representing more than 10% of the total and showing a year-on-year increase of 267.8%.

Source: Ámbito