Germany expects $21.85bln in additional revenue by 2025 -Handelsblatt

Slightly better forecast was partly due to the German government's more optimistic growth forecast

  
German Chancellor Angela Merkel attends virtual talks with Chinese Premier Li Keqiang (not seen) as part of the Sixth German-Chinese Government Consultations, in Berlin, Germany April 28, 2021.

German Chancellor Angela Merkel attends virtual talks with Chinese Premier Li Keqiang (not seen) as part of the Sixth German-Chinese Government Consultations, in Berlin, Germany April 28, 2021.

REUTERS/Michele Tantussi/Pool

BERLIN - The German government expects tax revenue up to and including 2025 to be 18 billion euros ($21.85 billion) higher then projected in November, Handelsblatt reported on Tuesday, citing a new government draft estimate.

The slightly better forecast was partly due to the German government's more optimistic growth forecast. However, the increases would only occur towards the end of the forecast period, the paper said.

Around 9.9 billion euros of the additional revenue would stem from municipalities, 5.9 billion from the federal states and 2.2 billion from federal revenue, according to Handelsblatt. ($1 = 0.8237 euros)

(Reporting by Kirsti Knolle; Editing by Kim Coghill) ((kirsti.knolle@thomsonreuters.com;))

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