Germany 2012 income tax expects $37.5 billion last year

income tax expects

Germany 2012 income tax expects $37.5 billion last year The Finance Ministry said Wednesday that overall tax revenue this year is now expected to total ?602.4 billion. The latest estimate is up from the ?596.5 billion forecast in May.

Robust growth and low unemployment have helped swell the tax coffers in Europe biggest economy and keep its public finances healthy.

Government spending is expected to stay almost flat. Finance Minister Wolfgang Schaeuble has said the government will come close to balancing its budget next year.

Germany has been working toward a target of fully balancing its budget in 2016.

Source: http://www.breakingnewsinn.com/germany-2012-income-tax-expects-37-5-billion-last-year.html

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