Brazilian government tax revenues rose 2%, in inflation-adjusted terms, in June against the same month in 2017, the Brazilian Tax Authority said Tuesday. Revenues totaled R$110.9 billion. First-half revenues of R$714.3 billion were up 6.9%, in inflation-adjusted terms, from the first half of last year. Revenues rose in June despite effects of an 11-day truckers’ strike. June marked the seventh month in a row for real gains in tax revenues. Revenues are rising because of an overall increase in economic activity, especially consumption. Revenues should rise even faster during the second half of the year as effects of the truck strike wear off and certain tax abatements lapse. Rising fuel prices have also helped boost revenues so far this year.
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