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Bonds News

Brazil tax revenues down 3 pct in 2016 as recession lingers

BRASILIA, Jan 27 (Reuters) - Brazil collected 1.29 trillion reais ($416 billion) in federal taxes in all of 2016, down 2.97 percent in real terms from last year due to a two-year recession that has destroyed hundreds of businesses and left millions unemployed.

Tax collection dropped 1.19 percent to 127.607 billion reais in December from the same month a year ago. (Reporting by Marcela Ayres; Writing by Alonso Soto; Editing by Chizu Nomiyama)

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