Brazil’s Government Registers Lowest Q1 Revenues in Six Years

By Lise Alves, Senior Contributing Reporter

SÃO PAULO, BRAZIL – With the reduction in production and consumption due to one of the worst economic crises Brazil has ever faced, federal revenues in the country during the first quarter of 2016 registered the lowest volumes of the past six years. According to Brazil’s Internal Revenue Service, federal revenues totaled R$313.014 billion during the first three months of the year, down by 8.19 percent in relation to the same period last year.

The government agency blames the steep decline in economic activity for the reduction of revenues at . . .

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