FX.co ★ German Tax Revenues Rise 7.3% in June 2025

Germany witnessed a 7.3% increase in its federal and state government tax revenues in June 2025 compared to the previous year, amounting to EUR 98.45 billion, as reported by the finance ministry on Tuesday. Over the first half of 2025, tax revenues climbed by 8.1% from the same timeframe in 2024, reaching a total of EUR 447.57 billion. Despite this growth, Germany faces potential challenges due to US tariffs, considering the United States was Germany’s foremost trading partner in 2024, with bilateral goods trade hitting EUR 253 billion. The German economy is under strain following its contraction for the second consecutive year in 2024 and is anticipated to remain stagnant this year. In a bid to invigorate the faltering economy and aid businesses, the German parliament sanctioned an initial tax relief package in July valued at EUR 46 billion, spanning from 2025 through 2029.