According to the Superintendence of Tax Administration in the month of October this sector contributed $ 57 million.
An analyst at the Association for Research and Social Studies, Rubén Darío Narciso, told Sigloxxi.com that "The price factor could influence the increase in revenue. The price fell due to the crisis and it is now recovering; another aspect which affects revenue is consumption. It is ruled out that influence on collection may be due to improvement in the quality of the oil."
In the first 10 months of 2011, tax revenues reached $4.723 million, 18.4% higher than in the same period in 2010.
The increase in revenue is due in part to a significant increase in the collection of Income Tax (32.9%).
"Pablo Urrutia, analyst from the Association for Research and Social Studies (ASIES in Spanish), thought that in addition to these figures and percentages, it would be necessary to look at other factors, such as prices and inflation. 'Even if more money has been collected, if you do not have better spending there is no real benefit, despite the fact that economic growth has increased’”, reports Siglo21.com.gt.