German gov't slashes 2021 tax revenue forecast


  • World
  • Friday, 11 Sep 2020

BERLIN, Sept. 10 (Xinhua) -- The German Ministry of Finance on Thursday cut its tax revenue forecast for 2021 by 19.6 billion euros (23.25 billion U.S. dollars) -- below the prior estimate in May.

For next year, the ministry now expects tax revenues to increase by 7.7 percent compared to this year to 772.9 billion euros. However, the pre-crisis level would not be reached again until 2022.

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