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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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Coronavirus Financial Times: “Olaf Scholz treads fine line on German thrift vs pandemic spending”
Finance Minister Olaf Scholz in an interview with the Financial Times
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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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Public Finances Provisions relating to compensation for National Socialist injustice
Almost immediately after the end of the Second World War, it became clear that compensation needed to be provided to those who had suffered damage as a result of National Socialist injustice. Those who had suffered oppression due to their political opposition to National Socialism or on the grounds of race, religion or ideology were particularly affected.
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Coronavirus Olaf Scholz: Interview with Il Sole 24 Ore
In an interview with the Italian daily business newspaper Il Sole 24 Ore, Finance Minister Olaf Scholz talks about Covid measures and fiscal policy.
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Public Finances German Stability Programme 2021
On 21 April 2021, the federal cabinet adopted Germany’s Stability Programme for 2021. In the report, the Federal Ministry of Finance provides the EU with an overview of Germany’s medium-term fiscal planning. With assistance programmes and targeted investments geared towards the future, the German government is putting the conditions in place for strong and sustainable growth during the …
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Public Finances Financial relations between the Federation and Länder
This report explains how financial relations between the Federation and Länder are structured, as stipulated by the German constitution and ordinary law; an overview of the financial resources of the different levels of government in Germany; and an overview of key co-financing arrangements between the Federation and the Länder.
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Public Finances German Draft Budgetary Plan 2021
Germany’s 2021 draft budgetary plan presents the fiscal projections for the budgets of the Federation, Länder, local authorities and social security funds (including their off-budget entities) on the basis of current trends and planning.