Free Trial

Bimonthly Income and Expenses Evaluation Report Due At 1930BST

BRAZIL
  • April tax collection data came in broadly in line with expectations, at BRL 228.9 billion. Tax collection was up 8.3% y/y in real terms (vs, +7.2% previously), supported by higher taxes from wages and consumption. Itaú note that tax collection is recovering over the last months with some improvement in consumption-related taxes, likely reflecting a temporary boost coming from court-ordered payments to households.
  • The domestic macro calendar is light today, with April current account and FDI the next release of note on Friday. Attention today turns to the FOMC minutes, due at 1900BST(1400ET). On the political front, Finance Minister Haddad will attend a public hearing at the lower house Finance and Tax Committee at 1300BST, followed by a meeting with S&P Global Ratings at 2200BST.
  • Meanwhile, the government will release its bimonthly Income and Expenses Evaluation Report 1930BST(1430ET), followed by a press conference with Federal Budget Secretary Paulo Bijos, Treasury Secretary Rogerio Ceron and Tax Agency Secretary Robinson Barreirinhas at 2000BST.

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.