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Germany’s federal, state and local governments can expect €21.9 billion ($23.8 billion) less tax revenue next year than assumed in the autumn. The tax estimators project that the state will collect a total of €995.2 billion in 2025, according to the Finance Ministry in Berlin on Thursday. Finance Minister Christian Lindner said: “What I repeat almost like a mantra in view of the exorbitant political wishes is now available in black and white: There is no new financial room for manoeuvre in the foreseeable future.” In the remaining years of the estimate period up to 2028, there will also be a s…

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