Federal revenues fall by 6.91% in 2020

Taxes, contributions and other federal revenues fell from 6.91% in real terms (excluding inflation) in 2020 to R$1.479 trillion ($279 bn), the Federal Revenue Secretariat said. This is the worst result for a closed year since 2010, that is, in ten years. Economy Minister Paulo Guedes said that he considered the result of the fundraising to be excellent, taking into account the economic crisis caused by the COVID-19 pandemic.

Source: G1 Economia