US EditionTax Collection Dropped Almost 9% in September
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National tax revenues reached $15.44 billion in September, according to the Federal Administration of Resources (ARCA). The year-on-year increase was 20.2%, below inflation, which in real terms meant a drop of close to 9%.
This was reported by the ARCA. In the ninth month of the year, $15.44 billion went to the Treasury. It meant an annual increase of 20.2%, which was below inflation. National tax revenue reached $15.44 billion in September, with a year-on-year increase of 20.2% that fell short of estimated inflation for the period. That is why, in real terms, it meant a decrease of close to 9%. The agency attributed the decrease to the extraordinary revenues reco…
According to ARCA, the difference in collection with respect to inflation is due to the high comparison base that had been registered in September last year by moratoriums. Read more
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