Friday, February 20

German tax revenues fell by 3.4% in January, finance ministry says


BERLIN, Feb 20 (Reuters) – Germany’s federal and state government tax ‌revenues fell by 3.4% ‌in January compared with the same month ​a year ago, the finance ministry said in its monthly report on Friday.

The year-on-year comparison was ‌distorted by ⁠one-off factors affecting federal taxes, most of which ⁠relate to the comparative base from January 2025, the report ​said. Excluding ​those effects, ​the figures would ‌show a slight increase, it added.

Total tax revenues in January reached 64.5 billion euros ($75.82 billion), according to the report.

The government expects ‌1.0% economic growth ​in 2026, a modest ​recovery ​following years of stagnation.

Tax ‌experts see tax revenue ​increasing to ​926.9 billion euros in 2026, up 2.8% from the ​previous year, ‌according to the report.

($1 = 0.8507 ​euros)

(Reporting by Maria MartinezEditing ​by Madeline Chambers)



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