Coronavirus

Tax revenue in March lowest in a decade

The Brazilian federal government raised BRL 109.7 billion (USD 20.35 billion) in taxes in March. This was the lowest level for the month since 2010, when the country was still feeling the effects of the 2008-2009 global financial crisis. According to federal tax authorities, the numbers are a direct result of the coronavirus crisis — which has nearly halted the in-person economy since the World Health Organization declared a pandemic on March 11.

Gustavo Ribeiro

An award-winning journalist, Gustavo has extensive experience covering Brazilian politics and international affairs. He has been featured across Brazilian and French media outlets and founded The Brazilian Report in 2017. He holds a master’s degree in Political Science and Latin American studies from Panthéon-Sorbonne University in Paris.

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