Tax revenues amounted to ARS1.018 trillion in October, which implied a 58.7% growth year-on-year (YoY). Adjusted for inflation, it expanded 4.3% YoY.

Among tax resources, the increase in VAT, Tax on Credits and Debits and Income Tax stands out. Export Duties and Social Security contributions continued to show a good performance.

The low comparison base attributable to the economic effects of the Mandatory Preventive Social Isolation (ASPO) that came into force on March 20, 2020, the increase in international raw material prices and the increase in the nominal exchange rate (30.7% YoY) contributed favorably to these results, although a deceleration continued to be observed.

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