This value represents a 4.9% (€2.08 billion) increase when compared to 2017, which surpassed the expenditure growth (4.5%), mostly due to the 7.7% increase in direct taxes at the end of 2018.
Portugal collected €44.3 billion in tax in 2018, an increase of 4.9% (€2.08 billion) compared to 2017, according to the summary of the budget implementation released on Friday by the Budget General Directorate (DGO).
The 4.9% increase in tax revenue surpassed expenditure growth (4.5%), mainly because of direct taxes, which registered a year-on-year increase of 7.7% at the end of 2018.
According to the DGO, tax revenue registered an increase of €2.08 billion, totalling €44,300.2 million between January and December 2018.
Among indirect tax, corporate income tax saw a year-on-year increase in December of 10.2% (€587.5 million) totalling €6.34 billion.