Results of the 146th meeting of the Working Party on Tax Revenue Estimates

By   /  November 30, 2016  /  Comments Off on Results of the 146th meeting of the Working Party on Tax Revenue Estimates

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MIL OSI – Source: German Ministry of Finance – in English –

Headline: Results of the 146th meeting of the Working Party on Tax Revenue Estimates

The public budgets of the Federation, Länder and local authorities can be expected to have a solid revenue base in the coming years. The results of the tax revenue estimate corroborate the federal government’s March 2015 predictions, which form the basis for the government draft of the supplementary budget for 2015 and the benchmark figures decision for the financial plan up to 2019. The tax revenue estimate reflects the positive economic trend in Germany, which is manifest in the ongoing increase in employment, rising household incomes and stable corporate profits.

In the current year, the Federation, Länder and local authorities can expect tax revenues to be around €6.3bn higher than predicted in the last tax revenue estimate, which was issued in November 2014. The Federation’s tax receipts are expected to be €2.2bn higher than was already planned for in the government draft of the 2015 supplementary budget. The 2015 tax revenue of the Länder is predicted to be €2.9bn higher than forecast in the November 2014 tax revenue estimate. Expected revenue for local authorities will be around €1.1bn above the November 2014 estimate.

Overall tax revenue during the 2016-2019 period is also expected to be higher than predicted in November 2014. The Working Party on Tax Revenue Estimates has increased its predictions for 2016 by a total of €7.8bn (Federation: €3.0bn, Länder: €3.5bn, local authorities: €1.2bn). For 2017, tax revenue is predicted to be higher by €7.7bn in total (Federation: €3.1bn, Länder: €3.3bn, local authorities: €1.1bn). In 2018, tax receipts are forecast to be €8.1bn higher (Federation: €3.8bn, Länder: €3.6bn, local authorities: €0.4bn), while the extra tax revenue for 2019 is expected to total €8.4bn (Federation: €4.0bn, Länder: €3.7bn, local authorities: €0.3bn).

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Work­ing Par­ty on Tax Rev­enue Es­ti­mates

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