Tax revenue in Brazil surges 9.7% in March on the back of consumer demand

Thursday, April 21st 2011 - 06:31 UTC

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Brazil's tax revenue surged in March on the back of consumer demand that has continued to be robust the federal tax authority said this week. Read full article

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GeoffWard
“Brazil's public accounts deteriorated significantly in 2010 as the government increased spending ahead of October's presidential elections.”
”Tax revenue in March, adjusted for inflation, jumped to 71 billion Real (44.9 billion US dollars),”

So . . . . the increase in tax revenue can pay for the public accounts deterioration. And everybody's happy!
Yes? . . . . No?
Apr 21st, 2011 - 12:21 pm - Link - Report abuse 0
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