A. M. 
Central Government current revenues registered growth as of october 31, 2025, compared to the same period in 2024, driven primarily by the positive performance of tax revenues, according to the Current Revenue Report published on the Portal de Transparencia.
According to the official report, total revenues amounted to US$7,085.8 million, representing an increase of US$585.7 million, equivalent to 9% more than in october 2024. This result was sustained by the increase in tax revenues and contributions, which reached US$6,762.7 million, with a positive year-on-year variation of 8.6%.
Among the categories with the greatest growth, the Value Added Tax (VAT) stands out, accumulating US$3,162.3 million, reflecting an increase of 9.4%. The increase was driven by both the VAT generated on imports, which grew 11.8%, and the VAT declared internally, which shows greater dynamism in consumption and commercial activity.
Income tax revenue also showed positive performance, reaching US$2,903.4 million, a 7.3% increase compared to the previous year. This performance was supported by higher income from tax returns, withholdings, and advance payments, associated with greater economic formalization and tax compliance.
Likewise, import duties increased by 15.5%, totaling US$318.7 million, in line with increased foreign trade and the flow of goods.
In contrast, some taxes registered negative variations. Selective consumption taxes decreased by 1.2%, mainly influenced by lower revenues from alcoholic beverages and beer, as well as administrative adjustments resulting from reclassifications made in the previous fiscal year.
The report also notes that non-tax revenues grew 8.2% compared to 2024, although they fell short of the budgeted amount, mainly due to lower current transfers and the variability of extraordinary income.
The increase in current revenues strengthens the country’s fiscal position, allowing for greater capacity to finance social programs, public investment, and infrastructure projects, as well as contributing to the stability of public finances. The positive performance of tax collection also reflects increased economic activity and a more formalized environment in the national economy.
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