Advertisement
Advertisement

German tax estimates show jump in expected revenues; Finance Minister guarded

By:
Reuters
Published: May 12, 2022, 14:07 GMT+00:00

BERLIN (Reuters) - The German government can expect significantly higher tax revenues in the coming years than projected last November, updated official estimates showed on Thursday.

German Finance Minister Lindner holds news conference on tax revenue forecasts, in Berlin

BERLIN (Reuters) – The German government can expect significantly higher tax revenues in the coming years than projected last November, updated official estimates showed on Thursday.

The fresh forecasts showed the federal government can expect 93.4 billion euros ($97.29 billion) in additional revenue in the period 2022 to 2026 compared to the November forecast.

However, Finance Minister Christian Lindner said the latest estimates came at a time of high uncertainty given the Ukraine war. “In any case, there is no reason and no leeway for new spending programmes,” he added.

($1 = 0.9600 euros)

(Reporting by Holger Hansel and Christian Kraemer; Writing by Paul Carrel; Editing by Madeline Chambers)

About the Author

Reuterscontributor

Reuters, the news and media division of Thomson Reuters, is the world’s largest international multimedia news provider reaching more than one billion people every day. Reuters provides trusted business, financial, national, and international news to professionals via Thomson Reuters desktops, the world's media organizations, and directly to consumers at Reuters.com and via Reuters TV. Learn more about Thomson Reuters products:

Advertisement