Brazilian tax revenues continue modest advance Brazil’s government raised R$92.4 billion in tax revenues in February, up 0.36 percent, in inflation-adjusted terms, from the same month in 2016, the Finance Ministry said Tuesday. Revenues for the first two months of the year were R$230 billion, up 0.62 percent, in real terms. Revenues are rising, in part, because of accelerated payments of back taxes. They are also up in the face of a modest economic recovery. Officials also noted a rise in tax revenues derived from oil production. Oil output and prices have been on the rise in recent weeks.
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