By Maria Martinez BERLIN (Reuters) -Germany's federal and state government tax revenues rose 7.3% in June from the same month a year ago, the finance ministry said on Tuesday. Total tax revenues hit
German tax revenues up 7.3% in June, finance ministry
Overview of Germany's Tax Revenue Growth
By Maria Martinez
June Revenue Statistics
BERLIN (Reuters) -Germany's federal and state government tax revenues rose 7.3% in June from the same month a year ago, the finance ministry said on Tuesday.
Economic Context and Challenges
Total tax revenues hit 98.45 billion euros ($114.81 billion) in June, the report said.
Future Projections and Tax Relief Measures
From January to June, tax revenues increased by 8.1% from the same period in 2024 to 447.57 billion euros.
Europe's ailing largest economy is under pressure after it contracted in 2024 for the second consecutive year. Stagnation is expected this year.
Germany is expected to be badly affected by U.S. tariffs due to its export-oriented economy. The U.S. was Germany's biggest trading partner in 2024 with two-way goods trade totalling 253 billion euros.
The German parliament approved a first tax relief package in July worth 46 billion euros from 2025 to 2029 to support companies and revive the country's sluggish economy.
For 2025, tax experts see revenues climbing to 893.3 billion euros, up 3.7% from the previous year, said the report.
($1 = 0.8575 euros)
(Reporting by Maria Martinez, Editing by William Maclean)
