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German Tax Revenues Fell by 3.4% in Jan, Finance Ministry

BERLIN, Feb 20 (Reuters) - Germany's federal and state government tax revenues fell by 3.4% in January compared with the same month a year ago, the finance ministry said in its monthly report on Friday.

The year-on-year comparison was distorted by one-off factors affecting federal taxes, most of which relate to the comparative base from January 2025, the report said. Excluding those effects, the figures would show a slight increase, it added.

Total tax revenues in January reached 64.5 billion euros ($75.82 billion), according to the report.

The government expects 1.0% economic growth in 2026, a modest recovery following years of stagnation.

Tax experts see tax revenue increasing to 926.9 billion euros in 2026, up 2.8% from the previous year, according to the report.

($1 = 0.8507 euros)

Reporting by Maria Martinez Editing by Madeline Chambers

Source: Reuters


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