Contrary to the national average, MS maintains positive revenue in 2024 – Economy

The Mato Grosso do Sul government’s revenue from tax collection increased by 4.11% in the first three months of 2024, compared to the same period in 2023. The data are from the “State Tax Collection Bulletin” panel, from Confaz (National Council for Financial Policy).

The accumulated amount for January, February and March of this year totaled R$ 5,266,187,644 (five billion, two hundred and sixty-six million, one hundred and eighty-seven thousand, six hundred and forty-four reais), while in the first three months of 2023 the balance was R$5,058,135,844 (five billion, fifty-eight million, one hundred and thirty-five thousand, eight hundred and forty-four reais), resulting in an increase of R$208,051,800 (two hundred and eight million, fifty-four one thousand and eight hundred reais).

As usual, the government’s largest source of revenue in 2024 is the ICMS (Tax on Circulation of Goods and Provision of Services), which was responsible for 74.74% of the total. Next comes the IPVA (motor vehicle ownership tax) with 18.88%. The remainder comes from other fees, taxes and ITCD (Tax on Transmission Causa Mortis and Donation).

Despite the positive balance in the first three months, Mato Grosso do Sul showed a 5.75% drop in revenue for the month of March. In 2023, it was R$1,618,489,671 compared to R$1,525,467,071 in 2024, resulting in a negative balance of R$93,022,600 (ninety-three million, twenty-two thousand and six hundred reais).

Mato Grosso do Sul’s positive performance in the first three of 2024 exceeded the national average, which accumulated a drop of 13.66 in collections. In January, February and March 2023, all states combined collected R$213 billion in taxes. In 2024, total revenue was R$184 billion, resulting in a decrease of R$29 billion.

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