Germany set to face difficult financial year in 2016

On 5 November 2015, the German government cut its tax revenue forecast for 2016, which could make it difficult for the country to maintain its budget surplus while it looks after hundreds of thousands of migrants.

ESO: Background information: Bundestag approves 2015 budget with no new debt http://www.europeansources.info/record/bundestag-approves-2015-budget-with-no-new-debt/

The Wall Street Journal, 05.11.15: Germany Cuts 2016 Tax Revenue Forecast http://www.wsj.com/articles/germany-cuts-2016-tax-revenue-forecast-1446753703

EurActiv, 12.11.15: German economic research institute doubles cost estimate for refugee crisis http://www.euractiv.com/sections/global-europe/german-economic-research-institute-doubles-cost-estimate-refugee-crisis

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