Brasília – Federal revenues totalled 70.984 billion reals (US$ 45 billion) in March, according to figures disclosed on Tuesday (19) by the Revenue Service. The value is record for the month. When discounting official inflation as calculated by the Broad Consumer Price Index (IPCA), the volume is 9.69% greater than in March 2010 and 9.8% greater than in February last year.
In the first three months of 2011, income is also record, totalling 228.155 billion reals (US$ 144 billion) in nominal values. In real terms (corrected by inflation), the total drops to R$ 226,194 billion (US$ 143 billion). This value is 24.367 billion reals (US$ 15.4 billion), or 11.96%, greater than the total registered in the same period in 2010.
One of the main factors influencing the revenues is the performance of the economy. The Revenue Service pointed out, for example, that growth in industrial production, which reached 3.88% from December 2010 to February 2011, in comparison with the same period last year.
The greater profitability of companies also contributed to record revenues. Revenues due to the Income Tax for Companies (IRPJ) and the Social Contribution on Net Profit (CSLL), in the first quarter the real growth was 7.703 billion reals (US$ 4.9 billion) in comparison with the same period in 2010.
*Translated by Mark Ament