Powered by an increasingly robust economic recovery, Brazil’s government in February collected R$105.1 billion in tax revenues, a 10.7% rise, in inflation-adjusted terms, from February of 2017, the Finance Ministry announced Friday. It was the second big leap in monthly revenues in a row. Year-to-date revenues as of February stood at R$260.7 billion, up 10.4%, in inflation-adjusted terms, from the same period a year earlier. Revenues this year have benefited from the economic recovery, from new fuel taxes put in place at the end of last year and from a government program to beef up collections of tax arrears.
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