German Finance Minister Wolfgang Schaeuble gestures during a cabinet meeting at the Chancellery in Berlin August 28, 2013. REUTERS/Fabrizio Bensch
BERLIN (Reuters) - Finance Minister Wolfgang Schaeuble said on Thursday that the latest German tax revenue estimates would not permit a new public spending spree, as negotiations about a new coalition government spark talk of costly infrastructure projects.
"The current tax estimates do not give us additional room for manoeuvre in financial policy versus the last estimates," he told a news conference, adding that Angela Merkel's conservatives did not envisage raising public debt or taxes.
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