At the Bundestag’s special session addressing Russia’s attack on Ukraine in violation of international law, Finance Minister Christian Lindner announced massive investments in Germany’s armed forces. A special fund worth €100 billion will be established for this purpose. In addition, the government plans to spend billions of euros to build up gas and coal reserves. It will also place an even …
Public finances The cabinet makes social cohesion and modernisation priorities
On 20 March 2019, the federal cabinet adopted the benchmark figures for the 2020 federal budget and the financial plan to 2023. The government is planning record-level investments, the biggest tax cuts in over 10 years as well as comprehensive measures to boost social cohesion, ensuring that everyone in the country benefits from Germany’s economic success.