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Logo of the Federal Ministry of Finance: shrinking revenues
Photo: Christophe Gateau / dpa
Less money for the tax authorities: The tax revenues of the federal and state governments fell significantly again in April. They amounted to 53.95 billion euros – a drop of 4.6 percent compared to the same month last year, according to the latest monthly report of the Federal Ministry of Finance, which will be published today, Friday. In the first four months combined, tax revenues fell by 2.3 percent to just under 254 billion euros.
The Ministry of Finance cited the recent relief for companies and households in the wake of high inflation and the interim energy crisis. Despite the stable development on the labour market, this can best be seen in the decline in wage tax revenue. The growth rates for sales tax are also well below the inflation rate, which is due to weak consumption.
The latest tax estimate was surprisingly bad last week. According to the new tax estimate, the federal, state and local governments will have to make do with 2027.148 billion euros less than assumed in autumn 7 for the years up to 2022. In the case of the federal government alone, revenues are 70.2 billion euros lower.
mic/Reuters