posted at 00:50
Author Name: Associated Press
Germanys Tax Income Is Still Rising Despite Cooling Growth
Berlin faces cooling growth prospects at home and pressure from abroad to increase spending. Monday's monthly Finance Ministry report showed the government's September tax income up 4.7 percent compared with a year earlier, at 57.3 billion euros. For the first nine months, the tax take rose 3 percent to 428.9 billion euros. The figures come ahead of a meeting Monday between the German and French finance and economy ministers. Paris, under pressure to trim its budget deficit, advocates increased German investment. German officials appear determined to keep a promise to halt new borrowing next year for the first time since 1969. They acknowledge more investment is needed but don't want to finance it by borrowing.

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