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In the fifth month of the year, the collection obtained by the Special Tax on Production and Services (IEPS) for fuels decreased further, according to information from the Ministry of Finance and Public Credit (SHCP).
] In his monthly report on the finances and the public debt, he indicates that from January to May, 71 704 million pesos were obtained, which represents a reduction of 21.4%, in real terms and in relation to in the same period of 2017.
this year, the collection of this tax was reduced by 33.5%; in February, it decreased by 23.3%, in March 21.6%; In April, it was reduced by 15.9% per year, thus maintaining the negative trend of the last 17 months.
The above is due to the fact that in May, the SHCP rose more than 70% to soften gasoline and diesel prices in the face of volatile international fuel prices and the price of fuel. exchange rate.
According to information published in the Official Journal of the Federation, in the early days of May, stimulus measures in the IEPS, 54.4% of fuels are consumed, that is, say that for every liter of Magna gasoline consumed, they stopped growing by 2,495 pesos.
But the last week of May was raised to 75.6%, with which the government stopped collecting 3,468 pesos for every liter of Magna gasoline consumed in the country, so the collection was lower.
It should be noted that from 2015, when the solina price release process, the IEPS for fuel ceased to be a grant and began to leave resources to the public treasury.
In that year the collection of the said tax was 220,091 million pesos; while in 2016, it rose to 277,263 million pesos, 22.5% more than the year before.
However, in 2017, when the fiscal stimulus of the IEPS was established for fuels, tax collection was reduced by 26.4%, with 216.498 million pesos. Since then, the collection has fallen.
Total revenues fall 12.5%
Total revenues of the public sector were located in 2 billion 92,957 million pesos, a reduction of 12.5%, in real terms and compared to January -May 2017. [19659002] According to the SHCP report, the decrease in the collection of IEPS at gasoline and diesel has had an effect on the total collection, since in the first five months of the year only increased 0.7%, in real terms and compared to the same period of 2017, with a total of 1.3 billion pesos.
Although the special income tax contributed 57% of the total collection and recorded a 0.4% reduction, In contrast, value-added tax accounted for 30% of the total, with resources amounting to 380,046 million pesos, which implied an increase of 9.2% over the first five months. of 2017. [19659002] The general IEPS declared a collection of 139.980 million pesos, which means an annual reduction of 13.3%, due to the low collection of IEPS for fuels.
Regarding oil revenues, an increase of 7.7%, with 396 288 million pesos in public funds.
The Ministry of Finance attributes this growth to the increase in the average price of the Mexican oil mix (30.1% per annum). In addition, the previous effect was partially offset by the decline in oil production (6.5%) and appreciation of the exchange rate.
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