Saxony is still under pressure to make savings in view of meagre tax estimates. The Free State must expect less tax revenue in the coming years than was expected in May, the Ministry of Finance announced. Only in the current year 2025 would they be higher than previously forecast - by as much as 410 million euros. In 2027 and 2028, however, the total is expected to be around 50 million less than previously thought.
"Despite the pleasing increase in tax revenue this year, the pressure to consolidate the state budget in the coming years will not decrease, but rather increase. We must continue to step up our savings efforts in order to bring the expected revenue in line with expenditure," said Finance Minister Christian Piwarz (CDU).
