FRANKFURT -(Dow Jones)- The German finance ministry expects tax revenues this year and next to be higher than previously projected, on the back of a brimming economy and higher wage deals, German weekly Der Spiegel reported Sunday.
Without revealing its sources, the magazine said experts for the ministry expect federal and local tax revenues to be EUR5 billion higher than previously forecast, at EUR597 billion and EUR618 billion, respectively.
A spokeswoman for the finance ministry Sunday said she cannot confirm the figures as the ministry doesn't comment on internal planning figures.
Tax experts from the finance ministry, from Germany's central bank and from the German council of economic experts will start a three-day meeting Tuesday to update the latest tax revenue estimate from November. Their findings will be presented next Thursday.
Magazine website: www.spiegel.de
-By Frankfurt Bureau, Dow Jones Newswires, +49 69 29 725 500;
(END) Dow Jones Newswires
May 06, 2012 06:47 ET (10:47 GMT)
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