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Germany’s next government can count on “up to 10 billion euros” more in tax revenues per year

by Mike Robinson

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BERLIN, (Reuters) – The parties forming Germany’s next coalition government will be able to rely on higher taxes in coming years for promised investments in a digitalized and climate-friendly economy. Sources said this Monday to Reuters.

According to two sources, the revised tax revenue estimates could show more fiscal room for federal government at up to 10 million euros per annum, perhaps even more, than those in spring.

Sources added that the revised estimates would allow for additional spending by the federal government as well the states and local governments.

Outgoing Finance Minister and Chancellor-in-waiting Olaf Scholz is expected to present the latest tax revenue estimates on Thursday when he is also likely to comment on the spending priorities of the next coalition government.

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