By Maria Martinez BERLIN (Reuters) -Germany's federal and state government tax revenues rose 10.2% in April from the same month a year ago, the finance ministry said on Thursday. In its monthly report
German tax revenues up 10.2% in April, finance ministry
By Maria Martinez
BERLIN (Reuters) -Germany's federal and state government tax revenues rose 10.2% in April from the same month a year ago, the finance ministry said on Thursday.
In its monthly report, the ministry said the substantial increase was mainly down to a one-time effect in state taxes, where revenues jumped by more than 190% from the previous year.
Total tax revenues hit 64.08 billion euros ($72.63 billion) in April, the report said.
From January to April, tax revenues increased by 9.7% from the same period in 2024 to 286.34 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.
Significant impulses to boost tax revenues are not expected for the time being, although both industrial production and exports have recorded recent increases, said the report.
"The uncertainty associated with international trade conflicts, in particular, is likely to burden the economy," the ministry said.
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 ($289.66 billion).
For 2025, tax experts see revenues climbing to 893.3 billion euros, up 3.7% from the previous year, said the report.
Last week, the council of tax experts said Germany's economic downturn coupled with tax relief would likely lead to a 81.2 billion euros reduction in total tax revenues between 2025 and 2029 compared with a projection in October.
($1 = 0.8822 euros)
(Reporting by Maria MartinezEditing by Madeline Chambers)
