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14 March 2018

Olaf Scholz is Ger­many’s new Fi­nance Min­is­ter

Olaf Scholz, the former mayor of Hamburg, has taken office as Germany’s Federal Minister of Finance. Bundestag members Bettina Hagedorn and Christine Lambrecht will be providing him with key support as Parliamentary State Secretaries.

Christine Lambrecht, Olaf Scholz and Bettina Hagedorn
(f. l. t. r.) Christine Lambrecht, Olaf Scholz and Bettina Hagedorn Source:  Federal Ministry of Finance

Olaf Scholz took office as Germany’s new Federal Minister of Finance on 14 March 2018. After being officially appointed minister by Federal President Frank-Walter Steinmeier and taking the oath of office before parliament, Mr Scholz – the former mayor of Hamburg – then assumed his new duties at the Finance Ministry in the centre of Berlin. He succeeds Peter Altmaier, who had headed up the Finance Ministry for Germany’s interim government after the general election of October 2017.

One of Minister Scholz’s first official acts was to appoint his two Parliamentary State Secretaries, Bettina Hagedorn and Christine Lambrecht. Both Parliamentary State Secretaries will have offices at the Finance Ministry, and as members of the German Bundestag, they will ensure the smooth flow of information between the Ministry and parliament. Mr Scholz congratulated Ms Lambrecht and Ms Hagedorn on their new positions as he welcomed them to the Finance Ministry, where all three are eager to carry out their new responsibilities.