December 20, 2016 / 4:46 PM / a year ago

Brazil tax revenues stable in November as recession lingers

BRASILIA, Dec 20 (Reuters) - Brazil collected 102.245 billion reais ($28.4 billion) in federal taxes in November, remaining stable from a year earlier as Latin America’s largest economy continues to reel from its worst recession in nearly a century.

Tax collection surged to 148.699 billion reais in October thanks to extraordinary revenues from a program that gave amnesty to Brazilians who held undeclared assets abroad. November tax revenue had been expected to total 99 billion reais, according to the median forecast in a Reuters poll. (Reporting by Cesar Raizer; Writing by Alonso Soto)

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