BREAKING NEWS

BREAKING NEWS

Economic slowdown is hitting Germany's tax revenues - finance ministry

Economic slowdown is hitting Germany's tax revenues - finance ministry
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Fabian Bimmer(Reuters)
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BERLIN (Reuters) - Germany's economic slowdown is having an impact on tax revenues in Europe's largest economy, a spokeswoman for the Finance Ministry said on Monday when asked about a report that Germany could face a budget shortfall in the coming years.

Newspaper Bild reported on Sunday that Germany could face a 25 billion euro (22 billion pounds) budget shortfall by 2023, as tax revenues are set to fall and public sector wages are on the rise, citing an internal government document.

(Reporting by Thomas Seythal; Writing by Tassilo Hummel; Editing by Michelle Martin)

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