Brazil federal tax revenue edges up in 2017 as economy recovers

By Kitco News / January 26, 2018 / www.kitco.com / Article Link

BRASILIA, Jan 26 (Reuters) - Brazil's federal tax revenue edged up in 2017 as the country's recovery from the deepest recession in decades advanced, government data showed on Friday.

Federal tax revenue rose 0.59 percent from 2016, after discounting for inflation to 1.342 trillion reais ($427 billion). Tax collection in December came in at 137.842 billion reais, up 4.93 percent in real terms from the year before and largely in line with analyst expectations.

($1 = 3.1435 reais)


(Reporting by Marcela Ayres; Writing by Bruno Federowski Editing by Chizu Nomiyama)

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.

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