1The federal government's collection from taxes, contributions and other revenues totaled R$ 264.4 billion in June this year, the Federal Revenue reported this Thursday (30). The result represents a real increase of 7.7% compared to the same month last year, when revenue totaled R$245.5 billion (value adjusted for inflation). The value was also the highest ever recorded for the months of June since the beginning of the Federal Revenue historical series in 1995 — that is, in 32 years. ??The record in revenue is related to the growth of the Brazilian economy, oil taxation and tax increases announced in recent years by the government of President Luiz Inácio Lula da Silva (PT). Remember some tax increases: increased taxation of exclusive funds (high income) and “offshores” (foreign); changes in the taxation of incentives (subsidies) granted by states; increase in fuel taxes made in 2023 and maintained since then; gradual repayment of the payroll; end of benefits for the events sector (Perse); start of betting taxation; increase in the IOF on credit and exchange; increase in the taxation of interest on equity. "The increase observed in the period can be explained, mainly, by the growth in the collection of social security contributions and the performance of the collections of PIS/Cofins, IRRF-Rendimentos do Capital, and IRPJ and CSLL. Also noteworthy are the atypical collections of IRPJ and CSLL in the month of June and the collection of Export Tax on crude oil Petroleum Effect ??According to the Federal Revenue, the record collection in June also It is a result of taxation and the soaring price of oil. With a higher price, as a result of the war between the United States and Iran, government revenue from the product, such as royalties and extraction, also increased. financial compensation for the exploitation of natural resources, among others) increased by R$ 1.2 billion. First semester In the first six months of this year, according to official data, federal revenue totaled R$ 1.59 trillion — without correction for inflation. 1.51 trillion. The amount is also the record for federal revenue in the period. Fiscal target in 2026 As in recent years, the government hopes to count on an increase in revenue to try to reach the target for its accounts in 2026. For this year, the goal is for the government's accounts to have a positive balance of 0.25% of the Gross Domestic Product (GDP), around R$34.3 billion. 2023, there is a tolerance interval of 0.25 percentage points in relation to the central target. In other words: the target will be considered formally met if the government has a zero balance, or if it reaches a surplus of R$68.6 billion. The text, however, allows the government to remove R$57.8 billion in expenses from this calculation. And use these resources to pay, for example, court orders (expenses on court sentences). In practice, therefore, the forecast is that the government will have a hole of R$23.3 billion in public coffers in 2026 – even if, for the official calculation of the target, it presents a positive result. If the numbers are confirmed, the government's accounts should remain negative throughout President Lula's third term.