Tax revenue amounted to ARS1,037,964 million in November, which implied a growth of 59.5% year-on-year (YoY). Adjusted for inflation, it expanded 4.7% YoY.
Among the most significant tax revenues were the increase in VAT and the Tax on Credits and Debits. Export Duties and Social Security resources continued to show a good performance.
The low comparison base attributable to the economic effects of the Mandatory Preventive Social Isolation (ASPO), which came into effect on March 20, 2020, continues to favor the year-on-year comparison, in addition to the increase in the international prices of raw materials and the increase in the nominal exchange rate (30.7% YoY).