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Brazil’s Government Has Worst August Revenues in 7 Years

By Lise Alves, Senior Contributing Reporter

SÃO PAULO, BRAZIL – Brazil’s federal government obtained R$91.8 billion in taxes and contributions in August 2016, more than 10.1 percent less than during the same period last year, and the worst result since August of 2009, according to the country’s Federal Revenue Service. Nonetheless, government officials discard the possibility of an increase in taxes.

For the accumulated total of the year, from January through August, federal revenues totaled R$816.188 billion, down by 7.45 percent compared to the first eight months of the year. This is . . .

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