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German finance minister expects higher debt burden but no tax rises

2022.11.28 07:33

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© Reuters. FILE PHOTO: German Finance Minister Christian Lindner holds a news conference on new estimates for tax revenue in Bonn, Germany October 27, 2022. REUTERS/Benjamin Westhoff/File Photo

BERLIN (Reuters) – Germany’s Finance Minister Christian Lindner said on Monday he expects the country’s debt to GDP ratio to climb to around 70% after the energy crisis but said the government would not raise taxes.

“Germany is already a maximum tax country,” he said at a tax forum.

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