Germany news: Government expecting increased tax revenue in 2027

Germany's government expects increased tax revenue in 2027, but Finance Minister Lars Klingbeil notes that this will not bring relief to the budget.

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Finance Minister Lars Klingbeil said state tax revenue will increase by €4 billion in 2027, according to the Finance Ministry calculations released on Thursday. The increase is estimated to be over €10 billion when looking at the federal, state and communal levels, adding up to a total of €1 trillion paid in taxes in 2027.

The German government expects to collect an extra €4.1 billion ($4.6 billion) in taxes next year, according to Finance Ministry calculations. Finance Minister Lars Klingbeil said the increased tax revenue would not bring relief to the budget. Klingbeil called for continued consolidation to protect future budgets.

Deutsche Bahn has stated that it is unlikely that rail travelers in Germany will see any significant improvements to the punctuality issues that plague the network for another few years. The head of Deutsche Bahn subsidiary DB InfraGo, Phillip Nagl, said that the knock-on effect will be felt once the most challenging refurbishment projects are completed.

The Hamburg-Hanover line modernization project, scheduled for 2029, is one of the major refurbishments that will impact the rail network. Delays and persistent problems have already pushed the schedule back several times.