The German government expects to receive €12.6 billion less in tax revenue by 2028 due to the economic downturn.
Bloomberg writes: “Germany’s federal government expects tax revenues over the five years to 2028 to be €12.6 billion less than forecast in May as Europe’s largest economy struggles to grow,” the piece says.
It is noted that this is due, among other things, to a reduction in production volumes.
German Finance Minister Christian Lindner, in turn, called for consolidation and said that the country needs a “turn in development.”
It is noted that this is due, among other things, to a reduction in production volumes.
German Finance Minister Christian Lindner, in turn, called for consolidation and said that the country needs a “turn in development.”
