German coalition parties can count on windfall tax revenues

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BERLIN, Nov 11 (Businesshala) – The three parties working to form Germany’s next governing coalition could rely on unexpected tax revenues to fund some of their election promises such as higher public investment in climate protection, official estimates Thursday. was shown to.

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According to a document compiled by finance ministry officials and other tax experts, the federal government expects its tax revenues for 2021 to 2025 to be 71.7 billion euros higher than previous estimates, as the recovery from the pandemic and the overall inflationary impact boost tax receipts. are.

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For all state levels, including state governments as well as municipalities, tax revenues from 2021 to 2025 have seen more than an estimated 179 billion euros in May.

Outgoing Finance Minister and Chancellor-in-Waiting Olaf Scholz will comment on the additional fiscal space his centre-left Social Democrats, pro-spending Greens and fiscally more hawkish Free Democrats want to spend the extra money on during a news conference. Afternoon. (Reporting by Michael Nienaber,)

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