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Ministry Steffen Saebisch
State Secretary at the Federal Ministry of Finance
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Public Finances Spending reviews in the federal budget
Since 2015, the German government has included annual spending reviews in its top-down procedure for preparing the federal budget. Spending reviews analyse revenues and expenditures in selected policy areas, with the aim of giving the budget preparation procedure a stronger focus on content and enhancing the outcome orientation of the allocated budget funds. They help to improve the structure of …
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europe Snapshots of Franco-German cooperation
The August edition of the Finance Ministry’s monthly report offers an insight into current Franco-German cooperation, not only at the government level, but also at the working level of the two finance ministries. One element of this is the Franco-German Seminar. Launched in 1999, the seminar entered its 10th cycle in Berlin in May 2018.
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afs-bericht Sixth Financial Stability Committee report
In its sixth report of 20 May 2019, the Financial Stability Committee focused on cyber risks and Brexit. It also addressed the countercyclical capital buffer for banks.
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afs-bericht Seventh Financial Stability Committee report
The Financial Stability Committee presented its seventh report to the German Bundestag today. The report indicates that during the period from 1 April 2019 to 31 March 2020, the Financial Stability Committee was primarily concerned with the risk of underestimating credit risks, the low interest rate environment and property markets.
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afs-bericht Second Financial Stability Committee report
The ECB’s expansionary monetary policies are not the only factor contributing to uncertainty concerning the financial stability situation and trends in Germany. Developments in Greece and the Russia-Ukraine conflict also play a significant role. This is explored in more depth in the Financial Stability Committee’s second report, issued on 30 June 2015.
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ukraine Russian Elites, Proxies, and Oligarchs Task Force – Ministerial Joint Statement
WASHINGTON – Following the launch meeting of the Russian Elites, Proxies, and Oligarchs (REPO) Task Force, the members from participating countries released the following joint statement
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Ministry Role of the Minister and State Secretaries
The Finance Minister manages the Finance Ministry in line with the policy course set by the Federal Chancellor. The Finance Minister is the member of government responsible for all aspects of Germany’s budgetary, fiscal and tax policy. The Ministry’s ten directorates-general provide the Minister with expert assistance in fulfilling his tasks as a member of government.
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EU Council Presidency Review of the 2020 German Council Presidency
Now that Germany’s six-month Council Presidency has drawn to a close, it is clear that Europe has proved its worth in the face of the crisis and shown that it is capable of taking effective action.
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Responsibilities of the Financial Stability Committee
The Financial Stability Committee regularly analyses and assesses risks to financial stability. On the basis of its risk assessment, it considers whether, and in what form, macroprudential action is required. The structure of the Financial Stability Committee ensures that the participating authorities exchange relevant information among themselves on an ongoing basis and collaborate in a …