The federal government has so far collected significantly more taxes this year than in the same period of 2021. The high energy prices in particular brought the federal government a big tax plus. However, a funding deficit remains.
According to the Treasury Department’s monthly report, around ten percent more taxes came in from January to September than in the same period last year. In view of the high energy prices and inflation, revenue from value-added tax rose particularly sharply.
The federal budget totaled 256.7 billion euros in the first three quarters. On the other hand, there are also expenditures of 347.5 billion. That was also less than in 2021 because corporate aid to deal with the Corona crisis was no longer available. Overall, however, the federal budget at the end of September had a financing deficit of around 90.8 billion euros.
