Analysis of 2025 tax revenue collection and its contribution to Ecuador’s general state budget

Abstract

This article analyzes tax revenue collection during fiscal year 2025 in Ecuador and its contribution to the General State Budget (PGE). During that year, the Internal Revenue Service (SRI) collected USD 21.501 billion, representing a 6.8% increase compared with 2024. The Value Added Tax (VAT) constituted the main source of tax revenue, with USD 11.078 billion, equivalent to 51.5% of total collection, supported by the 15% rate in effect since April 2024. Income Tax (IR) ranked second, with USD 6.551 billion and a 6.1% increase, while the Foreign Currency Outflow Tax (ISD) reached USD 1.284 billion. Current tax revenues represented 57.20% of the General State Budget, whose total revenues amounted to USD 35.977,62 billion. Nevertheless, a structural fiscal deficit of USD 5.443 billion was estimated, equivalent to 4.4% of GDP, evidencing the coexistence of record tax collection and a persistent budgetary imbalance. At the territorial level, Pichincha, Guayas, and Azuay concentrated the highest tax revenues, while Zamora Chinchipe recorded the highest growth, at 39%. The study employed a quantitative-descriptive approach and documentary analysis of official sources. The results demonstrated the relevance of tax revenues for state financing, as well as risks associated with the concentration of VAT revenue and the rigidity of public expenditure