German Chancellor Olaf Scholz does not expect the new lower tax income estimate to have any serious impact on the deliberations on the next federal budget.
"As far as the issue of budget consultations in Germany is concerned, we are on schedule," Scholz said at a press conference with Moldovan President Maia Sandu on Friday in response to a question from journalists.
It was not so surprising that the tax estimate was "not quite so favourable," he said, adding that the expected results had therefore already been taken into account beforehand.
According to the German chancellor, the draft budget, together with measures to stimulate the economy, will still be adopted at the beginning of July and submitted to parliament. There is a "very concrete agenda" for this, Scholz emphasized.
On Thursday, the tax estimators came to the conclusion that the federal, state and local governments will collect some €995 billion ($1.08 trillion) in the coming year - almost €22 billion less than assumed in the autumn.
The Cabinet decision is planned for the last meeting before the parliamentary summer break on July 3.
