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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
BrazilBrazil Tax Revenue fell to 222.12B in February 2026
FMPMonthlyReleased March 2026
Brazil Tax Revenue fell to 222.12B in February 2026, released March 2026, down 103.63B from January's 325.75B reading.
Latest Release
222.120000
Actual
—
Consensus
325.750000
Previous
Sigmacast Track Record
Sigmacast track record will appear here once this indicator has been released 3+ times since Sigmanomics began tracking.
Sigmacast Σ-direction model: consensus + ½ × mean(surprise, trailing 90d).
CORRELATED SYMBOLS— markets that historically move with this indicator
| Symbol | Direction | Correlation | Asset Class | Signal Bias | Action |
|---|---|---|---|---|---|
| USD/BRL | ▼ Inverse | −0.50 | FOREX | Bullish BRL | → View |
| EUR/USD | ▲ Direct | +0.30 | FOREX | Watch | → View |
| XAU/USD | ▲ Direct | +0.30 | COMMODITIES | Watch | → View |
| S&P 500 | ▲ Direct | +0.30 | INDEX | Watch | → View |
| BTC/USD | ▲ Direct | +0.30 | CRYPTO | Watch | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
Tax Revenue (Brazil) was reported at 229.25 billion in April 2026. The reading rose from the previous value of 222.12 billion. Trailing 12-month context per ETL data through March 2026.
THE MODEL'S TAKE
Historically, this indicator is negatively correlated with USD/BRL (Bullish BRL). A secondary relationship exists with BTC/USD, positively correlated (Watch).
WHAT TO WATCH NEXT
Same-country events in the next 14 days include Interest Rate Decision (Jun 17) and CFTC BRL speculative net positions (Jun 19).
Auto-generated from current model state · Refreshes on each release · Last update March 2026.
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Tax Revenue - BR
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About Tax Revenue — Brazil
DEFINITION
Tax Revenue is a financial indicator that measures the amount of money collected by a government through taxes. It is a key measure of a country's fiscal health and is used to fund public services and programs. Tax revenue can be influenced by economic conditions, tax policies, and compliance rates, making it an important indicator for assessing the overall financial stability of a government.
WHY THIS INDICATOR MATTERS
This release contributes to the broader macro picture used by cross-asset investors for positioning and risk management. The release is more useful as part of a longer-run signal than as a single-print catalyst. Released monthly.
WHAT CHANGED THIS MONTH
Latest reading (Mar 2026): actual 229.3 B. Prior reading (Feb 2026): 222.1 B. Before that (Jan 2026): 325.8 B.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a similar reading versus the latest print, with the 3-month outlook reinforcing that direction. Both horizons are aligned bearish for this indicator, suggesting a consistent trend signal. Trend-driven dynamics are the primary tailwind in the current projection. This indicator correlates most strongly with USD/BRL (Bullish BRL, r=-0.50) — a useful reference for forex-focused traders.