Tax collection grew by around 15% in 2022, with 10,000 million more than expected

With a view to 2023, collection growth is also expected, but not at levels similar to those of 2021 or 2022


The Secretary of State for Finance, Jesús Gascón, has indicated that the growth of tax revenue in 2022 was around 15% and exceeded the forecast of 244,000 million estimated in the General State Budget (PGE) by some 10,000 million. .

At the Congressional Finance and Public Function Commission, Gascón has indicated that the foreseeable data for 2022 is obtained after a month of December in which tax revenues also grew by close to 15%.

In fact, the Secretary of State for the Treasury has pointed out that the data for the last month of last year was lower than that of November, after having registered a greater number of refunds by the Treasury for a value of some 3,000 million euros.

In summary, Gascón has explained that the collection drive was seen as a reflection of the increase in income via VAT and Personal Income Tax, in a range of 13-14%. He has also pointed out that income from Corporate Tax rose above 20%, largely due to the good activity of companies.


With regard to the collection of new taxes on energy companies and the financial sector, the representative of the Ministry of Finance has estimated the first payment paid in February at 1,455 million. Taking into account that another payment by the companies is expected, Gascón has estimated a potential collection of 2,900 million corresponding to the fiscal year of 2022, which will be collected during this year.

In this sense, he pointed out that the collection expectations contemplated in the last General State Budgets (PGE) “have been met” and have even been exceeded by some 10,000 million euros.

Taken together, these figures provided “sufficient” fiscal space to adopt all the measures included in the latest anti-crisis decree approved in December, according to the Secretary of State.

Looking ahead to 2023, the Secretary of State has acknowledged that it is still early to make precise projections, but he has advanced that, although there will be growth in collection, it is “impossible” or “highly improbable” that it will be at levels similar to those of 2021 or 2022.