The Receita Federal (Federal Revenue Service) announced on Tuesday, August 25, 2026, that federal government tax collection totaled R$ 289.3 billion in July. The amount represents real growth of 9% compared with the same month of 2025, when inflation-adjusted collection was R$ 265.5 billion.
This is the highest amount recorded for July since the Receita Federal historical series began in 1995, highlighting the upward trend in the country’s tax revenue.
Factors Behind the Collection
The increase in collection is associated with the growth of the Brazilian economy and the fiscal adjustments promoted by the government of President Luiz Inácio Lula da Silva (PT). Among the measures that contributed to the growth in amounts collected are recent tax increases.
Another factor that positively affected the numbers was the rise in oil prices, stemming from the conflict between the United States and Iran. The increase in the commodity’s price boosted revenue from royalties and from the product’s extraction. the government instituted an additional tax on exports, expanding federal revenue.
Year-to-Date Collection and Fiscal Targets
From January to July 2026, federal tax collection totaled R$ 1.87 trillion without adjusting for inflation. When adjusted by the price index, the total reached R$ 1.9 trillion, representing real growth of 7% compared with the same period of the previous year, which recorded R$ 1.77 trillion.
This result also represents a record for the first seven months of the year.
The federal government intends to use the increase in collection to meet the 2026 fiscal target, which calls for a primary surplus equivalent to 0.25% of Gross Domestic Product (GDP), or about R$ 34.3 billion.
However, the budget law allows the Executive to exclude R$ 57.8 billion in expenses from this calculation, funds that can be used to pay court-ordered debts (precatórios) and other judicial obligations.
