German Tax Revenue Sees Strong Increase in February
BERLIN (Reuters) - Germany's federal and state government tax revenue rose again strongly in February, by 8.1% on the previous year, the finance ministry said in its monthly report on Thursday.
At that, total tax revenue reached just over 69 billion euros ($75.19 billion).
In January, German tax revenue had risen by 8.9%.
State coffers got a boost in particular from income and sales tax, while income from corporate tax paid by companies was down on the prior-year level, according to the report.
The ministry said recent economic data did not indicate a noticeable recovery any time soon for Germany's economy and pointed to little momentum in the job market.
Europe's largest economy has been lagging other major economies in recent years, contracting in 2023 and 2024.
The parties seeking to form a new government plan a seismic boost in public spending, but companies and economists have warned of deep-rooted structural problems such as high energy prices and excessive red tape weighing on the economy.
($1 = 0.9177 euros)
(Reporting by Rachel More, Editing by Miranda Murray)
