Finance
German tax revenues up 7.3% in June, finance ministry says
Published by Global Banking & Finance Review®
Posted on July 21, 2025
2 min readLast updated: January 22, 2026
Global Banking & Finance Review®
Company
Published by Global Banking & Finance Review®
Posted on July 21, 2025
2 min readLast updated: January 22, 2026
German tax revenues rose 7.3% in June, reaching 98.45 billion euros. The economy faces challenges, including US tariffs, but a tax relief package has been approved.
By Maria Martinez
BERLIN (Reuters) -Germany's federal and state government tax revenues rose 7.3% in June from the same month a year ago, the finance ministry said on Tuesday.
Total tax revenues hit 98.45 billion euros ($114.81 billion) in June, the report said.
From January to June, tax revenues increased by 8.1% from the same period in 2024 to 447.57 billion euros.
Europe's ailing largest economy is under pressure after it contracted in 2024 for the second consecutive year. Stagnation is expected this year.
Germany is expected to be badly affected by U.S. tariffs due to its export-oriented economy. The U.S. was Germany's biggest trading partner in 2024 with two-way goods trade totalling 253 billion euros.
The German parliament approved a first tax relief package in July worth 46 billion euros from 2025 to 2029 to support companies and revive the country's sluggish economy.
For 2025, tax experts see revenues climbing to 893.3 billion euros, up 3.7% from the previous year, said the report.
($1 = 0.8575 euros)
(Reporting by Maria Martinez, Editing by William Maclean)
Gross Domestic Product (GDP) is the total monetary value of all goods and services produced within a country's borders in a specific time period.
Economic growth is the increase in the production of goods and services in an economy over a period of time, typically measured by GDP.
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