Steuermehreinnahmen eröffnen budgetäre Spielräume zum Abbau der kalten Progression
Additional tax revenues open a budgetary leeway to reduce the fiscal drag
In May 2012 the Working Party on Tax Revenue Forecasting released a tax revenue estimate for the current year and the following four years based on key macroeconomic data supplied by the German Federal Government. The new official tax estimate forecasts additional revenues for central, state and local government. Tax revenues are expected to bring additional €24.9bn between 2012 and 2016. With the budgetary leeway, the fiscal drag, which has occurred since 2010, could be eliminated in 2013 and 2014. The Act to reduce fiscal drag would result in a revenue loss of €6bn a year.
Gebhardt, H. (2012), Steuermehreinnahmen eröffnen budgetäre Spielräume zum Abbau der kalten Progression: Additional tax revenues open a budgetary leeway to reduce the fiscal drag. Wirtschaftsdienst, 92, 6, 392-398