Nov. 4 (Bloomberg) -- Germany’s total tax revenue will be 16.2 billion euros ($22.4 billion) more than estimated in May, the government’s tax panel said today in its biannual review.
Tax revenue in 2012 will be 7.4 billion euros higher than a previous forecast, while 2013 tax receipts will exceed an earlier forecast by 4.5 billion euros.
The data comprise money raised by federal, state and local taxes. The panel’s report forms the basis of government budget planning. The group is made up of university economists, experts from the Bundesbank and federal and state officials.
--Editor: Leon Mangasarian.
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