The German Economy and Climate Minister, Robert Habeck, admitted that the war between Russia and Ukraine is impacting the German economy and pointed out that the new growth projections for the end of 2022 highlight that the GDP will grow only 2.2 % in compared to the 3.6% estimated in January. While…
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tax revenue
Germany requests 156,000 million euros to finance public spending
The Government of Germany has announced that the country will ask for a 156,000 million euros loan, through the approval of a supplementary budget item, with the aim of mitigating the economic consequences of the Covid-19 coronavirus, as…
Spain cuts its economic growth forecast in one tenth
The Government of Spain has reduced by a tenth less than announced by the competent government authorities, leaving the forecast of GDP growth by 1.8% according to the macroeconomic chart sent this Mars to the European Commission.
As…
VAT fraud threatens Spain revenues
Spain stopped receiving €1,806 million euros from VAT in 2017, which represents 2% of the 75,107 million it should have collected in full for that concept, according to a report published by the European Commission.
The figure is a…