Germany’s federal and state government tax revenues rose 7.3% year-on-year to EUR 98.45 billion in June 2025, the finance ministry said on Tuesday. For the first half of 2025, tax revenues increased by 8.1% compared to the same period in 2024, reaching EUR 447.57 billion. Germany is expected to be affected by US tariffs, as the US was Germany’s largest trading partner in 2024, with two-way goods trade totaling EUR 253 billion. The German economy is under pressure after contracting in 2024 for the second consecutive year, while stagnation is expected this year. The German parliament approved a first tax relief package in July worth EUR 46 billion from 2025 to 2029 to support companies and revive the country’s sluggish economy.
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