The contraction in 2020 tax receipts as a result of the pandemic and the associated mobility and
business restrictions was mitigated by the government´s crisis response measures. In contrast
to the wake of the previous crisis of 2008, in the space of just one year, 2021 tax revenue
increased 15.1%, topping pre-pandemic levels- a trend that, under current assumptions, is
expected to continue into 2022, albeit at a slower pace.