BERLIN – The German government's tax income this year is expected to be a bit higher than previously forecast after the economy, Europe's biggest, performed relatively well in the third quarter.An updated forecast by tax experts for the government released Thursday predicted a tax take of 728.3 billion euros ($859 billion) this year, up from the 717.7 billion euros they expected in September.
Next year's outlook improved to 776.2 billion euros from 772.9 billion euros. The German economy grew by 8.2% in the third quarter compared with the previous three-month period, when it was hit hard by the first phase of the coronavirus pandemic.
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