São Paulo – The Federal Revenue Office of Brazil reported this Thursday (21st) that the collection of federal revenues reached BRL 1.221 trillion in 2015, a decline of 5.62% over 2014 in real terms, that is, with the inflation rate already accounted for. It’s the lowest result since 2010.
In December only, the government collected BRL 121.5 billion, a decline of 4.32% in real terms over the same month of 2014. In nominal terms, that is, not inflation-adjusted, the values increased 2.83% in the year and 5.89% in December.
According to information published by Agência Brasil, the head of the Center for Tax and Customs Studies, Claudemir Malaquias, pointed out that performance on tax revenues was “strongly impacted” by the economic downturn in 2015.
Malaquias listed the indexes that impacted tax revenues: industrial output declined 7.7% while sales of goods and services slid down 7.75%. Imports also dropped 27.16%, along with the decline of purchases of inputs and finished goods, which turned more expensive with the dollar appreciation against the real.
*Translated by Sérgio Kakitani
