BERLIN (Reuters) -German Finance Minister Lars Klingbeil aims to have an agreement with the country's 16 federal states on planned relief measures that will weigh on tax revenue by Tuesday, he said on
German Finance Minister Aims for Relief Deal with States by Tuesday
BERLIN (Reuters) -German Finance Minister Lars Klingbeil aims to have an agreement with the country's 16 federal states on planned relief measures that will weigh on tax revenue by Tuesday, he said on the sidelines of a meeting of EU ministers.
"There are a lot of conversations taking place on this now," Klingbeil told reporters in Luxembourg, adding that the plan remains to pass the package of measures to support companies and revive growth in the Bundestag lower house on June 26.
The German cabinet approved the package earlier this month, the first in a series of expected measures from Germany's new government to boost the economy, which could be facing a third consecutive year of contraction for the first time in its post-war history.
The package, which includes depreciation and corporate tax cuts from this year through 2029, is expected to result in 45 billion euros less in tax revenue in the years up to 2029.
(Reporting by Rachel More and Christian KraemerEditing by Madeline Chambers)
