Bloomberg News

Brazil Tax Revenue Rose 13.5% in November, Agency Says

December 15, 2011

Dec. 15 (Bloomberg) -- Brazil’s federal revenue rose 13.5 percent in November from a year earlier, the federal tax agency said.

The government collected 78.97 billion reais ($42.5 billion) in November compared with 69.60 billion reais in the same month a year earlier, the agency said in a report distributed today in Brasilia.

Economists expected 80 billion reais, according to the median forecast in a Bloomberg survey of 9 analysts.

--Editor: Robert Jameson,

To contact the reporter on this story: Arnaldo Galvao in Brasilia Newsroom at agalvao1@bloomberg.net;

To contact the editor responsible for this story: Joshua Goodman at jgoodman19@bloomberg.net


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