Brasília – Brazil’s Revenue Service expects growth of 3% in total collection this year as against 2012, despite the forecasted growth of the country’s economy being maintained at 2.21% by the financial system in 2013. The estimate is by the joint secretary of the organisation, Luiz Fernando Teixeira Nunes.
“For the time being, given the recent indices, the forecast points to this percentage. In future, if there is any change, we will make new forecasts,” said Elói de Carvalho, Forecast and Analysis coordinator at the Revenue Service, who also participated in the press conference on the matter.
Carvalho also pointed out that the Revenue Service never makes a forecast separate from the indices made available by the government to justify its optimistic estimates.
In July, the Federal government collected R$ 94.29 billion (US$ 39.3 billion) in taxes and contributions. The result represents real growth of 0.89% over the same period in 2012, discounting inflation as calculated by the Broad Consumer Price Index (IPCA). In the accumulated result for the year, Federal revenues totalled R$ 638.27 billion (US$ 266.2 billion), growth of 0.55% over the first half of last year, also discounting the IPCA.
*Translated by Mark Ament
