The DGI had revenues of C $2,328,300,000 million, or $99,472,793.97 in the first quarter, 25% more than planned for in the 2012 budget.
Confidencial.com.ni reports that that according to a detailed review presented by economist Adolfo Acevedo, "if the tax collection ends this year having grown by 22%[more than in 2011], it would reach a total of C $42,634.4 million, an amount that would be C$ 5,023.6 million ($213.8 million) above the figure of C $ 39,946.2 million revenue recorded in the budget, " after the extraordinary collection of 2011 totaled C $3,300 million ($141 million).
Optimization of the DGI's management practices has been cited as the cause of the 14.3% increase in tax revenue collection in the first half of the year.
From a statement issued by the Ministry of Finance:
The collection of tax revenue for the first half of the year increased by 14.3% compared to the same period in 2015, according to the latest preliminary report released today by the Directorate General of Revenue (DGI) at the Ministry of Economy and Finance (MEF).
The Directorate General of Revenue (DGI) of Nicaragua raised between January and June 2012 some $603 million, which is 21.15% more than in the same period in 2011.
The total revenue collected exceeded the target set in the General Budget of the Republic by 7% .
"According to research by the Strategic Planning Department of the DGI, the gross proceeds obtained shows a tendency to average annual growth of 21 percent when income from the first half of 2012 is compared to the same period last year.
The increase far exceeds the government's own expectations and is fueled by revenue collected from taxes on income and value-added sales.
The total collected in September was $1.17 billion, 29% more than the same period of 2010.
"The economist Adolfo Acevedo commented that the growth in tax income continues to exceed the predictions made as part of the Nicaraguan general budget this year, which predicted growth in revenue of 13.8%," reports an article for Laprensa.com.ni.
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