Germany Sees €33.6 Billion More Total Tax Revenues Through 2029

Germany expects total tax revenue through 2029 to be €33.6 billion ($39 billion) higher than what it predicted in May, as Europe’s biggest economy plans to spend hundreds of billions of euros in the coming years to revive growth.

The more optimistic assessment stems from higher income and corporate taxes, which primarily benefit states and municipalities. Federal tax revenues are expected to remain in line with the previous estimate because of recent tax cuts to stimulate the economy, according to figures published by the German finance ministry.

The total tax take this year will be €990.7 billion, which is €11 ...