Published by Global Banking & Finance Review®
Posted on June 19, 2025
1 min readLast updated: January 23, 2026
Add as preferred source on GoogleGerman Finance Minister Lars Klingbeil aims for a relief deal with states by Tuesday to support companies and boost growth, impacting tax revenue.
BERLIN (Reuters) -German Finance Minister Lars Klingbeil aims to have an agreement with the country's 16 federal states on planned relief measures that will weigh on tax revenue by Tuesday, he said on the sidelines of a meeting of EU ministers.
"There are a lot of conversations taking place on this now," Klingbeil told reporters in Luxembourg, adding that the plan remains to pass the package of measures to support companies and revive growth in the Bundestag lower house on June 26.
The German cabinet approved the package earlier this month, the first in a series of expected measures from Germany's new government to boost the economy, which could be facing a third consecutive year of contraction for the first time in its post-war history.
The package, which includes depreciation and corporate tax cuts from this year through 2029, is expected to result in 45 billion euros less in tax revenue in the years up to 2029.
(Reporting by Rachel More and Christian KraemerEditing by Madeline Chambers)
German Finance Minister Lars Klingbeil aims to reach an agreement with the 16 federal states on planned relief measures by Tuesday.
The package includes depreciation and corporate tax cuts from this year through 2029, which is expected to significantly impact tax revenue.
The relief measures are anticipated to result in a reduction of 45 billion euros in tax revenue by 2029.
The German cabinet approved the relief package earlier this month as part of a series of measures to boost the economy.
These measures are part of the new government's efforts to support companies and revive economic growth amid challenges.
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