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  • G20

    The German G20 presidency

    On 1 December 2016, Germany assumed the G20 presidency for a period of one year. This website contains information on the organisation and work of the G20, including details on the G20’s fiscal policy agenda, the schedule for the German presidency and key meetings in the Finance Track.

  • g20

    24 February 2017

    G20 Work­shop in Frank­furt am Main

    Helping SMEs Go Global – Moving Forward in SME Finance” is the title of a workshop organised by the Federal Ministry of Finance and the KfW development bank which will take place in Frankfurt on 24 February 2017. The workshop is the key event during the German G20 presidency on international aspects of financing for small and medium-sized enterprises (SMEs).

  • World

    9 February 2017

    It pays to look be­yond Ger­many’s trade sur­plus

    In an article published in the Wall Street Journal on 8 February 2017 deputy finance minister Jens Spahn explains why a strong German economy benefits its international partners, shares his views on economic competitiveness and comments on the German current account surplus.

  • Monthly report

    27 January 2017

    Asy­lum and refugee pol­i­cy: the role of the fed­er­al bud­get

    The special challenges arising from the refugee crisis in 2015 and 2016 were dealt with at the general government level. Germany’s federal system requires all levels of government to face up to their responsibilities. While approximately 21.7bn were earmarked for asylum-related expenditures in 2016, expenditures are expected to amount to approximately €21.3bn in 2017. But, to quote what German Finance Minister Wolfgang Schäuble said in the late summer of 2015, money’s not the issue here.

  • Financial markets

    20 January 2017

    Financial Stability Committee

    One of the key lessons of the recent financial crisis was that, in addition to maintaining the stability of individual institutions, it is important to uphold the functioning and capacity of the financial system as a whole. To this end, it was necessary to further strengthen macroprudential supervision, which focuses on the stability of the entire financial system, and to link it more closely to microprudential supervision, which looks at individual institutions. In Germany, this goal was achieved by setting up the Financial Stability Committee as a central body for macroprudential oversight.

  • Monthly report

    22 December 2016

    De­cem­ber 2016 month­ly re­port

    The translated abstract of the Federal Ministry of Finance's Monthly Report contains updated information and tables relating to the federal budget and fiscal policy. The German version of the monthly report contains current financial reviews and charts dealing with the federal budget, borrowing, economic trends, the budgets of the Länder as well as important events on the fiscal policy calendar. It also includes analysis and articles on topical issues from the broad range of tasks assigned to the Federal Ministry of Finance. In december’s edition you will also find additional information on the priorities of the German G20 presidency in the Finance Track.

  • G20

    14 December 2016

    Schäu­ble and Queen Máx­i­ma to pro­mote fi­nan­cial in­clu­sion

    On Wednesday, 14 December 2016, Finance Minister Wolfgang Schäuble met in Berlin with HM Queen Máxima of the Netherlands in her capacity as the UN Secretary-General’s Special Advocate for Inclusive Finance for Development and honorary patron of the G20’s Global Partnership for Financial Inclusion.

  • Monthly report

    21 November 2016

    Novem­ber 2016 month­ly re­port

    Federal revenue up to and including October 2016 amounted to €254.2bn, up by €6.4bn (2.6%) over the same period last year, shows November´s report. Tax revenue, which makes up the largest share of total revenue, rose by 3.3%. Federal expenditure in the January–October period totalled €255.1bn, up slightly on the year by 1.2% (€3.8bn).

  • Europe

    16 November 2016

    EU bud­get: “we need to in­crease fund­ing for cur­rent chal­lenges”

    Ahead of the Economic and Financial Affairs Budget Council meeting on November, 16 th, 2016, German deputy Finance Minister Jens Spahn talked with Politico about the EU budget for 2017, the review of the Multiannual financial framework (MFF) for 2014-2020 and the consequences of a Brexit for the EU budget.

  • Public Finances

    28 October 2016

    Vi­su­al­iz­ing the bud­get

    The German budget plan for a fiscal year is a complex document of critical importance for the political and administrative steering of the country. It is not an easy read and quite difficult to interpret for a layperson. Making national budgets more accessible and transparent to the citizens has become increasingly important over the past years. The German Federal Ministry of Finance has opted in 2012 to digitize and visualize the national budget.

  • Monthly report

    21 October 2016

    Oc­to­ber 2016 month­ly re­port: Ed­i­to­ri­al

    The October editorial from our monthly report recalls the Autumn economic forecasts of the German federal government. Germany’s economic outlook remains favourable, despite the difficult global economic environment. The editorial also mentions that the German debt ratio will next year fall below 70% of GDP for the first time in eight years.

  • Public Finances

    7 October 2016

    Gov­ern­ments Must Re­sist the Wind­fall Temp­ta­tion

    Ludger Schuknecht, chief economist at the German Finance Ministry, explains why a fiscal stimulus now would risk the modest gains of recent reforms. A commentary published in the Wall Street Journal on October, 5th, 2016.

  • Monthly report

    26 September 2016

    Septem­ber 2016 month­ly re­port: Ed­i­to­ri­al

    The September editorial from the monthly report comments on fiscal policies that “are paying off for people in Gemany”, with the European Commission also confirming that Germany is in good fiscal shape. The editorial also notes that compared internationally, rates of private investment in 2015 were higher in Germany than in the US and UK, and were also above the eurozone average.

  • Monthly report

    22 September 2016

    Septem­ber 2016 month­ly re­port

    September’s report shows that federal revenue in the current fiscal year up to and including August 2016 amounted to 203.3bn, an increase of 3.2% over the €196.9bn recorded in the same period last year. Tax revenue, which makes up the largest share of total revenue, rose by 4.8%. Expenditure came to €207.5bn during the January–August period, 2.4% (€4.9bn) more than in the same period last year.

  • Public Finances

    22 September 2016

    Sus­tain­ably boost­ing in­vest­ment in Ger­many

    An effective policy to make Germany a more attractive location for business and investment must focus primarily on the conditions for private investment; this is where there is the greatest potential to boost growth and employment. Germany is in a sound position with regard to private investment.

  • Financial markets

    20 September 2016

    Cli­mate change and fi­nan­cial mar­kets

    Preliminary findings from a report commissioned by the German Finance Ministry confirm: climate risks have the potential to affect financial markets. Making an orderly transition to climate-friendly investments would help to maintain the efficiency and stability of Germany’s financial markets. Conversely, abrupt carbon divestment could jeopardise the stability of financial markets.

  • Europe

    15 September 2016

    New pri­or­i­ties for the EU bud­get

    The German Finance Ministry held a conference on the future of the European Union’s finances in Berlin on 12 July 2016. Read the outcomes here.

  • Public Finances

    6 September 2016

    “Ac­cept chal­lenges, main­tain sta­bil­i­ty and se­cu­ri­ty”

    Speech by German Finance Minister Wolfgang Schäuble at the Bundestag on 6 September 2016 in connection with the presentation of the draft federal budget for 2017 and financial plan for 2016 to 2020.

  • Monthly report

    22 August 2016

    Ed­i­to­ri­al from the Au­gust 2016 month­ly re­port

    Internationally, the August editorial looks at the G20 agenda – including the state of the global economy, a bigger role for regional development banks in boosting infrastructure investment, and principles for enhancing digital financial inclusion – as well as domestic changes to state functions in the area of financial market stabilisation.

  • Monthly report

    19 August 2016

    Au­gust 2016 month­ly re­port

    The English abstract of the August 2016 monthly report notes that the Federation’s revenue in the period from January to July 2016 amounted to 181.2bn, up by 3.6% from the €174.9bn recorded in the same period last year. Expenditure came to €184.1bn during the January-July period, 1.8 % (€3.3bn) more than in the same period last year.

  • Europe

    25 July 2016

    “Eu­rope has to make a dif­fer­ence”

    An interview with Wolfgang Schäuble about global problems and European solutions. The interview was published in the 23 July issue of Bild.

  • Monthly report

    22 July 2016

    Ed­i­to­ri­al from the Ju­ly 2016 month­ly re­port

    In July’s editorial, State Secretary Thomas Steffen sees the result of the Brexit referendum in the UK is a wake-up call for all Europeans. He also looks at steps taken by the EU towards greater international tax equity and notes that the German government has presented the draft federal budget for 2017 – the third in a row to contain no new borrowing.

  • World

    21 July 2016

    Re­sist the siren song of “cheap” gov­ern­ment spend­ing

    If there’s one thing economists can agree upon, it’s the need for strong investment. In public works, machinery, education and research, investment is the basis for sustainable growth. The question of how to strengthen investment will therefore be central to the G20 finance ministers when they meet beginning Saturday in Chengdu, China, writes Ludger Schuknecht in the Wall Street Journal on 21 July 2016.

  • Public Finances

    7 July 2016

    Draft 2017 bud­get and fi­nan­cial plan to 2020: the right pri­or­i­ties, no new debt

    The federal cabinet adopted the government draft for the 2017 federal budget and the financial plan to 2020 on 6 July 2016. The federal government is adhering to its sound budget policies and will refrain from taking on any new debt in each year up to 2020. The federal budget has been balanced with no net borrowing since 2014.

  • Europe

    4 July 2016

    “Eu­rope must sur­vive its ren­dezvous with re­al­i­ty”

    In an interview with the newspaper Welt am Sonntag published on 3 July 2016, Finance Minister Wolfgang Schäuble shares his views on the outcome of the British referendum on membership of the European Union and the challenges that the EU is now facing.

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