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German Lawmakers Approve New Fuel-Tax Relief Worth €2.5 Billion
Source: Bloomberg
Tax & TariffsFiscal Policy & BudgetEnergy Markets & PricesElections & Domestic Politics
German lawmakers approved a temporary €2.5 billion ($2.8 billion) fuel-tax cut effective next week to cushion consumers from surging fuel prices. The measure is a targeted fiscal response by Chancellor Friedrich Merz's coalition and should modestly support household purchasing power while reducing fuel-tax revenue.
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