Brazilian federal tax revenues in May totaled R$95.2 billion, a 4.8% decline in inflation-adjusted terms from the same month a year ago, the Federal Tax Authority said Friday. It was the 14th month in a row to see declining tax revenues. January through May revenues were R$519 billion, down 7.4% in inflation-adjusted terms from 2015. Revenues have been shrinking on the heels of a broad economic downturn.
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