Tax revenue surges

Tax revenue surges
Photo: DPA
Both the federal and state German governments received a healthy increase in tax revenue in August, a report in newspaper Bild said Saturday. This has been received as another sign of the country's economic recovery.

The newspaper said that the state’s total tax income rose by 3.6 percent compared to July – amounting to €35.14 billion altogether. This puts the taxes received in the first eight months of the year at almost the same as the year before.

Between January and August, the federal and state governments received a combined income of €306.29 billion, compared to €307.65 billion in the same period last year.

The figures come from the Finance Ministry’s monthly report, which is not to be published until Monday. A ministry spokesman refused to comment on the report for this reason, but said there had been “a positive development” in tax income.

But he added that any predictions about the further development of tax incomes this year were “speculative and premature.” He said there were still too many uncertainties, as the government was still in record debt.

“The German government is determined to stick to its growth-friendly consolidation policies, and will meet the constitutional debt limitations. That will give us a solid foundation for sustainable growth,” he said.


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