The federal government’s total revenue grew 11.21% in November 2024 compared to November 2023, totaling R$ 209.21 billion, the Federal Revenue reported today (7), in Brasília. November’s result is the best performance for the month since 2013, when revenue was R$188.1 billion in values adjusted for inflation measured by the Broad Consumer Price Index (IPCA).
In the accumulated period from January to November 2024, revenue reached R$2,391,437 million, representing a real increase of 9.82%, discounting inflation measured by the IPCA.
In relation to Revenues Administered by the Federal Revenue, the amount collected in November was R$ 203 billion – a real increase of 12.26%. In the accumulated period from January to November, revenue reached R$2.27 trillion, registering a real increase (IPCA) of 9.92%.
According to the Revenue, the increase observed in the period can be explained by the behavior of macroeconomic variables, the return of taxation from the Social Integration Program and the Contribution to Social Security Financing (PIS/Cofins) on fuels, the taxation of exclusive funds and for updating assets and rights abroad.
Without considering these atypical payments, there would be a real growth of 7.72% in collections for the accumulated period and 11.03% in November’s collections.
Growth
In November, the IRS said that, in relation to PIS/Pasep and Cofins, there was a joint collection of R$46,093 billion, representing a real expansion of 19.23%.
The Federal Revenue reported that this performance is explained by the combination of real increases of 8.82% in the volume of sales and 6.33% in the volume of services between October 2024 and October 2023, according to data from the Monthly Commerce Survey of the Brazilian Institute of Geography and Statistics (IBGE); and the increase in revenue from the fuel sector, the increase in the volume of imports and the positive performance of financial activities.
In the period from January to November, the combined collection of PIS/Pasep and Cofins was R$483.93 billion, representing real growth of 19.23%.
Still in November, the collection of Corporate Income Tax (IRPJ) and Social Contribution on Net Profit (CSLL) reached R$32.69 billion, representing a real increase of 12.62%.
The performance can be explained by the real increases of 14.93% in the monthly estimated collection, 5.45% in the presumed profit and 7.63% in the Simples Nacional collection. The Withheld Tax on Capital Income (IRRF-Capital) had a collection of R$ 9.78 billion – a real increase of 28.9%.
The Revenue also said that the Import Tax and the IPI-Linked to Imports presented, in November, a joint collection of R$ 10.64 billion – real growth of 58.82%.
Between January and November 2024, the Import Tax and the IPI-Linked to Import recorded a joint collection of R$98.4 billion, representing a real increase of 31.64%.
Social security income
In November, social security revenue was R$54.36 billion – a real expansion of 3.79%, mainly due to the increase in the wage bill.
In the period from January to November, Social Security Revenue totaled R$596.06 billion, with a real expansion of 5.59%.
This result is due to the real growth of 7.15% in the wage bill and 12.51% in the amount of tax compensations with social security revenue debts, in the period from January to November 2024 in relation to the same period of the previous year.
