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Public finances Christian Lindner at the Bundestag’s special session on the war in Ukraine
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 …
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G20 Christian Lindner after the meeting of G20 finance ministers
Federal Finance Minister Christian Lindner comments on the global economy, the international financial architecture and support for developing and emerging economies. In Lindner’s words: the global economy is back on a path towards growth. We must now solidify the recovery and facilitate the transition back to normality. To do this, it is crucial to ensure global financial stability.
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G20 Olaf Scholz on the outcome of the G20 summit in Rome
Following the G20 summit in Rome on 30–31 October 2021, German Finance Minister Olaf Scholz talks about the agreement on a global minimum effective tax, which he says will end harmful tax competition between countries. He also states that climate policy is shifting increasingly towards the implementation of concrete actions to help achieve climate targets.
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Public finances Federal government and Länder support flood-hit regions
Germany’s federal cabinet today adopted a draft text proposed by the Finance Ministry and the Interior Ministry for the establishment of a special flood relief fund and amending other laws (2021 Reconstruction Aid Act (Aufbauhilfegesetz 2021)). In this way, the federal government is continuing its committed assistance aimed at supporting the German regions particularly affected by flooding and …
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Climate action German government’s future-oriented subsidy policy
Das Bundeskabinett hat heute den Bericht der Bundesregierung über die Entwicklung der Finanzhilfen des Bundes und der Steuervergünstigungen für die Jahre 2019 bis 2022 beschlossen. Der 28. Subventionsbericht macht deutlich: Die Subventionspolitik ist zentraler Bestandteil der zukunftsorientierten Finanzpolitik der Bundesregierung. Durch eine klare inhaltliche Schwerpunktsetzung geben die …
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Public finances German government adopts extensive assistance package for regions affected by floods
Germany’s federal cabinet today approved financial support measures to provide immediate and unbureaucratic assistance to regions affected by recent floods. The federal government will provide an initial €200m to cover half of the costs of immediate assistance measures launched by the Länder. In addition, it will contribute financially to a comprehensive recovery programme.
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Public finances Emerging from the crisis with sound fiscal policy and optimism
The federal cabinet today adopted the government draft for the 2022 federal budget and the fiscal plan to 2025. The German government is continuing to pursue a decisive fiscal policy that includes large-scale assistance measures and record investment levels. In addition, the numbers show that the federal government is in good fiscal shape. Germany’s debt ratio is far lower than projected and …
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Financial markets Doorstep by Olaf Scholz prior to the G20 finance ministers meeting
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Public finances German government adopts supplementary budget for 2020
German government adopts supplementary budget for 2020
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Climate action Sound financing for effective and socially equitable climate action
Today the federal cabinet has approved the draft supplementary federal budget for 2020 and the draft budget for the Energy and Climate Fund for 2020. Today’s decision has created the budgetary conditions for rapid implementation of the Climate Action Programme agreed by the German government on 25 September 2019.