RIO DE JANEIRO, BRAZIL - Federal tax collection rose 45.2% in real terms in April over the same period last year, totaling R$156.8 (US$29.63) billion, a record for the month, according to data released Thursday by the Federal Treasury.
The performance exceeded analysts' projections for a R$140 billion tax collection.
In the four-month period, collection totaled R$602.7 billion, also the highest value for the period since the Federal Treasury series began in 1995.
The growth in collections in the month was driven by the fact that in April last year, the volume . . .
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