this tax collection continues to gain momentum in the first ten months of the year. inflation. Until October, the Tax Office collected a total of 223,695 million euros in taxes, which exceeded 32,285 million euros in the same period of 2021 (up 17%). Despite the financial measures taken in this regard, this has been the case. electric In the first ten months of the year, 6 billion 009 million euros were decreased. Without this loss of income, collection would increase by 20%.
“The first factor is growth in VAT collection,” says the Tax Office’s monthly collection report, released this Wednesday, to explain the boom in tax revenues. this inflation It accelerated the collection of this tax, which grew by 17.9 percent.However, the consumer price index (CPI) doubled in this period (8.8% on average in the first ten months). This points to an increase in consumption as an additional reason for this high collection.
The second factor driving strong growth in revenue relates to higher collections, according to the Tax Office’s analysis. withholding from workAccumulating a 12.6% increase during the year as a result of increases in job creation, salaries and pensions during this period.
Third factor, annual statements personal income tax and This year, corresponding to 2021, companies whose collection has grown by more than 31% are presented. Finally, tax revenues benefited from the strong increase in corporate tax installments, which increased by 18.7%.
Conversely, they subtracted 6.009 million from the collection of the additional discount. VAT about electricity From 10% to 5% (1,211 million) plus suppression of value tax electrical power generation (3,093 million) or its reduction excise duty on electricity (1.705 million).
public deficit
Strong increase in tax collection, sharp decline in government deficit 69.7% until October. In the first ten months, the Government deficit in terms of national accounting was 18,016 million (1.37% of GDP), compared to 59,468 million (4.93% of GDP) in the same period in 2021.
On the other hand, the consolidated deficit public administrations, Excluding local companies (ie State, SSI and autonomous communities), it stood at 1.55% of GDP at the end of September, after falling by 64.2% year-on-year. especially, autonomous communities They went from 0.69% surplus of GDP in the first ten months of 2021 to a deficit of 0.45% (5,879 million) by October this year. In the case of Cataloniaaccounts for a deficit of 0.70% (1.745 million), an additional 0.61% (1.397 million) of regional GDP in 2021. accounts Aragon, Asturias, Balearic Islands, Canary Islands, La Rioja and Basque Country. this Valencian Community It stands out with a deficit of 2.081 million, which corresponds to 1.70% of its GDP.
Source: Informacion
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