By Andrea Thomas
Dow Jones-the German tax revenue rose by 3.9 percent in December after they had already increased significantly in the previous month. The Federal Ministry of Finance announced this in its monthly report. With the exception of corporate tax, all community taxes could have increased. The income from country taxes also rose compared to the same month last year. In contrast, according to the ministry, the ministry had a decline in income due to technical delays at the turn of the year, as the Ministry of Finance wrote in its monthly report.
The federal government posted 6.6 percent more in December and reached an amount of 50.98 billion euros. The tax revenue of the federal states, on the other hand, fell by 2.6 percent to 49.70 billion euros. In total, the tax revenue in December amounted to around 113.18 billion euros. The German tax revenue had increased significantly more in the previous months of November and October than in the final month of 2024.
In 2024, tax revenue increased a total of 3.8 percent to EUR 861.10 billion and thus lay by almost 5.9 billion euros above the original estimate for 2024. While the federal government was growing of 5.3 percent in 2024, in 2024, the countries took 3.2 percent more in taxes.
Further stagnation
The economists of the ministry were not very confident about the economic development. “The German economy is still in stagnation,” said the ministry. “The economic development continues to be burdened by the aftermath of exogenous shocks – corona pandemic, the Russian war of aggression against Ukraine and the energy price crisis.”
In addition, structural factors are increasingly steaming to economic development, such as demographic changes and falling market shares of German exporters due to decreasing competitiveness.
The export industry could not benefit from the attractive global economy. On the job market, employment structure takes place exclusively in the service areas, while employment in the other areas would sometimes decrease significantly.
The ministry does not expect an early economic upswing. “The early indicators for the further development of the economy remain,” said the economists.
Contact to the author: [email protected]
DJG/AAT/APO
(End) Dow Jones Newswires
January 29, 2025 18:00 et (23:00 GMT)