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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
BrazilBrazil Tax Revenue climbed to 239.38B in September 2026
FMPMonthlyReleased October 2026
Brazil Tax Revenue climbed to 239.38B in September 2026, released October 2026, up 3.81B from August's 235.57B reading.
Latest Release
239.380000
Actual
—
Consensus
235.570000
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 | Co-movement | Action |
|---|---|---|---|---|---|
| S&P 500 | ▲ Direct | +0.39 | INDEX | Moves with | → View |
| XAU/USD | ▲ Direct | +0.35 | COMMODITIES | Moves with | → View |
| EUR/USD | ▲ Direct | +0.28 | FOREX | Moves with | → 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 239.38 billion in October 2026. The reading rose from the previous value of 235.57 billion. Trailing 12-month context per ETL data through October 2026. Over the past 12 months, the indicator has averaged 255.34 billion, ranging from 222.12 billion to 325.75 billion across 8 releases.
WHY IT MATTERS
The trailing three releases averaged 246.46 billion, down from the prior three at 271.55 billion.
THE MODEL'S TAKE
Historically, this indicator is positively correlated with S&P 500 (Bullish S&P 500). A secondary relationship exists with XAU/USD, positively correlated (Bullish XAU).
WHAT TO WATCH NEXT
Same-country events in the next 14 days include CFTC BRL speculative net positions (Oct 30) and BCB Focus Market Readout (Nov 2).
Auto-generated from current model state · Refreshes on each release · Last update October 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 (Sep 2026): actual 239.4 B. Prior reading (Aug 2026): 235.6 B. Before that (Jun 2026): 264.4 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 headwind in the current projection.
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EXPECTED ZONE
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Economic Calendar - BR Events
| Thursday, October 29, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
|---|---|---|---|---|---|---|---|
| 11:00 | BR | IGP-M Inflation MoM | 1.47 | 1.57 | 1.6 | 1.54 | Low |
| 11:30 | BR | Bank Lending MoM | 0.4 | 0.5 | 1 | 0.70 | Low |
| 17:00 | BR | Gross Debt to GDP | 82.9 | 82.9 | 83.5 | 83.37 | Low |
| 18:30 | BR | Gross Debt to GDP | 82.9 | 82.9 | 83.5 | 83.37 | Low |