The Federation, Länder and local authorities can continue to expect higher tax revenues in the coming years. According to current tax estimates, tax revenues will rise from €796.4bn in 2019 to around €935.0bn in 2024. The trend will be somewhat better for the Länder and local authorities than for the Federation, however. Overall, the Working Party on Tax Revenue Estimates has corrected its revenue expectations slightly downwards. The 156th meeting of the Working Party on Tax Revenue Estimates took place in Stuttgart from 28 to 30 October 2019 at the invitation of the finance minister of the Land of Baden-Württemberg, and the results were announced by German Finance Minister Olaf Scholz on 30 October 2019.