RIO DE JANEIRO, BRAZIL - The federal government's revenue grew in December for the fifth consecutive month, but closed the year with a drop of 6.91%, at R$1.479 trillion (US$273.8 billion) , the Federal Treasury said on Monday, January 25th, a performance showing the negative impact of the economic crisis as a result of the Covid-19 pandemic.
The aggregate result for the year was the worst since 2010, when revenues totaled R$1.474 trillion, considering figures corrected by the IPCA (Extended National Consumer Price Index).
In the last month of the year, revenues rose . . .