Germany's Tax Income Is Still Rising Despite Cooling Growth
Monday's monthly Finance Ministry report showed the government's September tax income up 4.7 percent compared with a year earlier, at 57.3 billion euros ($73.1 billion). For the first nine months, the tax take rose 3 percent to 428.9 billion euros.
The figures come ahead of a meeting Monday between the German and French finance and economy ministers. Paris, under pressure to trim its budget deficit, advocates increased German investment.
German officials appear determined to keep a promise to halt new borrowing next year for the first time since 1969. They acknowledge more investment is needed but don't want to finance it by borrowing.
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