Anticipated tax income projected to be 21.9 billion euros less in 2025.
Tax revenues at the federal, state, and local levels are expected to be 21.9 billion euros less than initially projected for next year, as per the spring forecast from the Tax Estimation Working Group. The Ministry of Finance in Berlin made the announcement on Thursday. Approximately 15.5 billion euros of this reduction can be attributed to discrepancies between current and previous estimates, while the remaining amount is a result of legal changes in taxation made since then.
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The Spring forecast predicts a decrease of 21.9 billion Euros in tax revenue by 2025, affecting all levels of government. Due to these fiscal challenges, the government might need to seek alternative revenue sources, such as reevaluating Euro-based expenditures.
Source: www.ntv.de
