• Around the world - Bei­jing

    Around 90 officials of the German Finance Ministry work in other countries all over the world. This series of articles will give you an insight into the everyday lives of our representatives who work at German embassies and with supranational and international organisations. Their job is to monitor and evaluate current developments in financial, economic, monetary and tax policies. The fourth article in the series presents the German Finance Ministry’s activities at the German Embassy in Beijing. This is the third time that Nikolai Putscher is spending several years in East Asia working for the German Finance Ministry. His responsibilities include analysing economic trends in China.

  • Changes at the be­gin­ning of 2018

    The main changes in 2018 include larger tax-free allowances, higher child benefit, improved old-age provision and measures to fight tax evasion and tax fraud. The beginning of a new year is generally a time when regulatory changes are introduced that can impact citizens and companies in a number of ways. Here is an overview of the most important developments.

  • De­cem­ber 2017 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 Germany’s fiscal policy.
    The German version of the December monthly report picks up EBA’s latest risk assessment report and outlines why non-performing loans remain a challenge for the banking sector. It also covers the development of global debt and its impact on asset prices. Last but not least, it provides information on key events on the fiscal policy agenda.

  • Pe­ter Alt­maier ap­point­ed in­ter­im head of Ger­man Fi­nance Min­istry

    Federal Chancellor Angela Merkel has appointed Peter Altmaier, Minister for Special Tasks and Head of the Federal Chancellery, to the helm of the German Ministry of Finance on an interim basis until a successor is named. Minister Altmaier took on this role on 24 October 2017. Former Finance Minister Wolfgang Schäuble had already bid farewell to the ministry’s staff the previous day.

Content-related sites

  • G20

    21 December 2017

    Ger­many’s G20 pres­i­den­cy

    From 1 December 2016 to 30 November 2017, Germany held the presidency of the G20 and passed it to Argentina on 1 December 2017. In the finance track one of the major accomplishments was the launching of the G20 Compact with Africa. Significant advances were achieved in the areas of economic resilience, international financial architecture, international tax policy cooperation, financial market regulation, cybersecurity and remittances.

  • g20

    7 December 2017

    Ben­e­fits of in­ter­na­tion­al co­op­er­a­tion

    The outcomes of Germany’s G20 presidency in the finance track demonstrate the benefits of international cooperation in challenging times, writes chief economist Ludger Schuknecht. With a central focus on the resilience of the G20 economies, digitalisation in the financial sector and the Compact with Africa, Germany's G20 presidency made vital contributions towards the improvement of global economic and financial governance.

  • Monthly report

    23 November 2017

    Novem­ber 2017 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 Germany’s fiscal policy. The German version of the November monthly report provides additional information on the prosecution of tax offences and tax crimes. It also contains a résumé on Germany’s G20 presidency in the finance track, the IMF Annual Meetings in Washington, D.C. and the Meeting of ASEM Customs Directors-General.

  • Monthly report

    20 October 2017

    Oc­to­ber 2017 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 October monthly report comments on the findings of the expert opinion on Germany’s productivity provided by the Kiel Institute for the World Economy and covers the impact of bailout programmes on the competitiveness in Ireland and Portugal.

  • Customs

    18 October 2017

    Meet­ing of ASEM Cus­toms Di­rec­tors-Gen­er­al in Berlin

    The 12th meeting of ASEM Customs Directors-General took place in Berlin on 16/17 October 2017. The meeting brought together the Customs Directors-General from the European and Asian member states of ASEM along with representatives from the European Commission. The World Customs Organization also attended as an observer.

  • Taxation

    29 September 2017

    Com­mon Re­port­ing Stan­dard

    On 30 September 2017, the first automatic exchanges of financial account information will begin between Germany and 49 other countries and jurisdictions using the OECD’s Common Reporting Standard (CRS). The involvement of so many countries and jurisdictions means that over 2,000 bilateral exchange relationships have already been put into place around the world.

  • Europe

    26 September 2017

    Pub­lic Fi­nance Di­a­logue

    On 26 September 2017 renowed international experts from the IMF, European Commission, central banks and research institutes came together with representatives of the German government at the Federal Finance Ministry to discuss the challenges to European integration and the question of how to foster a sound and prosperours Union.

  • Monthly report

    21 September 2017

    Septem­ber 2017 month­ly re­port

    The translated abstract of the Federal Ministry of Finance’s September 2017 monthly report contains updated information and tables relating to the federal budget and fiscal policy as well as important events on the fiscal policy calendar. In addition to that, the September 2017 edition provides additional information on Germany’s application to host the European Banking Authority in Frankfurt. The European Commission plans to publish its assessment of the bids received by the 31 July 2017 deadline on 30 September 2017.

  • Financial markets

    21 August 2017

    Ger­many is in good shape

    The International Monetary Fund (IMF) concluded this year’s Article IV consultation with Germany on 28 June 2017. The IMF’s projections confirm that Germany’s public budgets and economy are in good shape and that the latter is underpinned by prudent economic policies and a well developed social safety net.

  • g20

    26 July 2017

    G20 Africa Part­ner­ship Con­fer­ence, 12-13 June 2017, Berlin

    The G20 conference “G20 Africa Partnership – Investing in a Common Future” has made an important contribution to implementing the G20 Africa Partnership, helping to enhance cooperation between the G20 and African countries.

  • Public Finances

    4 July 2017

    Fed­er­al bud­get 2018

    On 28 June 2017 the federal cabinet adopted the government draft for the 2018 federal budget and the financial plan to 2021. No new debt is envisaged for any of the years covered by the financial plan. Federal expenditure in the years up to 2021 is set to rise at a moderate pace, from €329.1bn in 2017 to a projected €356.8bn in 2021. In particular, federal spending in forward-looking, growth-enhancing policy areas will be further increased.

  • Taxation

    8 June 2017

    BEPS Mul­ti­lat­er­al In­stru­ment

    On 7 June 2017 Finance Minister Schäuble signed the Multilateral Convention to Implement Tax Treaty Related Measures to Prevent BEPS in a joint signing ceremony in Paris. The Multilateral Instrument as the Convention is called in brief was concluded by 100 jurisdictions and is a major step forward in the fight against tax avoidance‎. Read the minister’s statement on this occasion in our dedicated speeches section.

  • Financial markets

    10 May 2017

    The Ger­man cur­rent ac­count in the con­text of US-Ger­man trade

    Germany’s current account surplus has been garnering criticism for years. Taking on this criticism coming from home and abroad the Ministry of Finance and the Ministry of Economic Affairs published a joint position paper that explains the reasons behind Germany’s current account surplus and outlines the fiscal and economic policy options.

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