The Federal Minister of Finance will have a little more leeway in his budget.
(Photo: Reuters)
The state can expect significantly higher tax revenues in the coming years. The federal, state and local governments will take in a total of 126.4 billion euros more up to and including 2026 than previously planned. This emerges from the new tax estimate presented by Federal Finance Minister Christian Lindner (FDP) on Thursday.
The final estimate thus confirmed reports in the Handelsblatt on Tuesday, according to which the state could calculate more than 110 billion euros.
The additional tax revenue is good news for the Federal Minister of Finance. This gives Lindner a little more leeway in his household.
The FDP leader wants to comply with the debt brake again next year after the federal government has had to incur record debts year after year since the outbreak of the Corona crisis. Lindner had even declared that he and his financial policy would be measured against the achievement of this goal.
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One reason for the good income is the high level of employment despite the crisis. As a result, income and wage taxes will rise sharply. However, the state coffers are also filling up significantly because inflation is so high. When goods become more expensive, the revenue from the taxes that are payable on them also increases. Above all, the value added tax flushes more money into the coffers.
More: Inflation gives government money