Germany’s federal tax revenues are expected to reach EUR 379.1 billion this year, the Finance Ministry said. That is about EUR 3 billion below the estimate made in May. Bloomberg reported the figure, which the ministry gave in a statement.
The outlook is brighter further out. Over the next four years, the ministry expects a total of EUR 3.39 billion more than the earlier forecast. The economy has proved more resilient than expected, and that is what lifts the medium-term picture.
No new room for 2027
Finance Minister Lars Klingbeil said the extra revenue does not open new fiscal space for 2027. There is also no new gap that needs to be filled. Revenues remain stable despite uncertainty caused by the Middle East war, he said, which gives the government a solid position.
Klingbeil said consolidation of the federal budget must continue. The government’s room to spend is narrower than the headline revenue numbers might suggest.
Energy tax dispute
Klingbeil disputed that funding basis. He said another source of money has to be found.
The 2027 draft budget must pass parliament by the end of November. The disagreement between Merz and Klingbeil could widen into a conflict between their parties. The debt brake limits borrowing during growth periods, so part of any additional revenue is offset by lower borrowing limits.
Source: Finance Ministry
