Tax collection started strong in 2026, but public spending accelerates, keeping fiscal alerts on.
In two months there would be a fundamental decision regarding the economic emergency. Photo: Image generated with artificial intelligence.
TL;DR
- Tax collection in January 2026 totaled $37.2 trillion, a 13.5% annual increase.
- This revenue performance was 11.9% of the annual target, indicating a better-than-expected start to the fiscal year.
- The strong revenue is attributed mainly to income tax and internal VAT contributions.
- Government spending in January 2026 increased by 41.4% compared to the previous year, reaching $92.3 trillion.
- This spending execution rate exceeded the monthly target by approximately $12.5 trillion.
- The combination of rising revenues and accelerated spending creates a complex fiscal situation, with concerns about deficit sustainability.