Government tax burden estimated at 31.64% of GDP in 2020

The Gross Tax Load of the general government is estimated at 31.64% of GDP in 2020, the National Treasury. The figure is 0.87% lower than that observed in 2019, when it stood at 32.51% of GDP. By this estimate, the tax burden last year was the lowest since 2010. According to the Treasury, the drop is explained mainly by the effects of the covid-19 pandemic on economic activity and tax exemptions granted as a result of the health crisis.

Source: UOL Ecomomia