Bloomberg News

German Panel Sees 2011 Tax Revenue 16.2 Billion Euros Higher

November 04, 2011

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.

To contact the reporter on this story: Tony Czuczka in Berlin at tczuczka@bloomberg.net; Brian Parkin in Berlin at bparkin@bloomberg.net.

To contact the editor responsible for this story: James Hertling at jhertling@bloomberg.net


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