The result represents a real increase of 0.1 percent from October 2022. January through October, tax collection reached BRL 1.9 tri—a real decrease of 0.68% against the first ten months last year.
In the view of Economy Minister Paulo Guedes, the result is a sign that the Brazilian economy is recovering. “The Brazilian economy continues to surprise us favorably,” he said after unveiling the figures.
The collection of federal taxes in 2019 totaled $368.9 billion in Brazil. Real growth—inflation deducted—stood at 1.69 percent compared to the year prior. The figures were released by the Secretariat of the Federal Revenue today (Jan. 23)
Brazil collected $33.8 billion in federal taxes and contributions in October, as per data published today (Nov. 27) by the country’s Secretariat of the Federal Revenue—up 4.12 percent from the same month last year, inflation deducted.
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