The rate of growth in accumulated revenue accelerated in November, allowing 90.4% of the tax revenue execution projected for the whole of 2025 to be fulfilled in the first 11 months of the year (€63,370.9 million, according to the value projected by the Luís Montenegro government).

In direct taxes (especially IRS and IRC), the State obtained €24,384.6 million up to November, 3.7% more than what happened up to November 2024, shows the execution summary published by the Budgetary Entity (EO, a service of the Ministry of Finance that succeeded the former Directorate-General of the Budget).

In Income Tax, the State collected R$ 16,314.8 million, 8.5% more than in the first 11 months of the previous year, and with that, it has already fulfilled 98.2% of the revenue projected for the entire year of 2025 for the collection of this tax.

In Corporate Income Tax, the State collected 7,760.2 million euros, 3.8% less than in the same period last year.