Tax revenue amounted to ARS1.166,514 trillion in February 2022, which implied a growth of 62.8% year-on-year (YoY). Adjusted for inflation, it expanded 8.2% YoY.
The recovery in the level of activity since March 2021, the increase in international commodity prices and the increase in the nominal exchange rate (19.9% YoY) contributed favorably to this result.
Among tax resources, increases in real terms in the Tax on Credits and Debits, Income Tax, and VAT stand out. Foreign Trade duties and Social Security resources showed a good performance.