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.
monthly_report_download September 2019 monthly report
The September edition of the ministry’s monthly report is now online. Every month we publish selected extracts from our monthly report in English. These extracts feature current data and information on federal budget trends, tax revenue, debt levels and guarantees, as well as key dates on the fiscal and economic policy agenda. The monthly report also includes interesting articles on topics …
monthly_report_download August 2019 monthly report
The August edition of the Finance Ministry’s monthly report highlights three issues that hold significance for international fiscal policy. These include: an international comparison of key types of taxes, an analysis of the International Monetary Fund’s Article IV consultations with Germany this year, and an explanation of the structuring of the European capital markets union.
monthly_report_download July 2019 monthly report
The July edition of the Finance Ministry’s monthly report includes a focus on property tax reform in Germany. Germany’s property tax – which is levied on buildings and plots of land – needs to be reformed because it is calculated on the basis of real property values that are decades old. The objective of the reform is to make Germany’s property tax simple, socially equitable and compatible with …
Public finances A budget policy with clear priorities
On 26 June 2019, Germany’s federal cabinet adopted the government draft for the 2020 federal budget and the financial plan to 2023. The German government is focusing on the right areas to ensure that Germany can look forward to a successful future.
monthly_report_download June 2019 monthly report
The June issue of the monthly report features the bill approved by the German Bundestag on 6 June to combat unlawful employment and benefit fraud. The proposed legislation better shields employees from exploitation by protecting them more effectively against wages that are below the minimum wage and against employers who do not collect social security contributions. Other highlights include …
monthly_report_download May 2019 monthly report
The Finance Ministry’s monthly report for May 2019 features an article that takes a comparative look at social inequality and inclusive growth around the world. The article shows that income inequality has increased in many countries but remains comparatively low and stable in Germany. However, Germany performs less well when it comes to equality of wealth and educational opportunity. For this …
monthly_report_download April 2019 monthly report
The April edition of the monthly report takes a look at the Tax Act Relating to Brexit which entered into force on 29 March 2019. With the law, the Finance Ministry has taken measures at an early stage to prepare for all conceivable Brexit scenarios. Another article with an international dimension concerns the simplified tax assessment procedure for pensioners living outside Germany who receive …
monthly_report_download March 2019 monthly report
The March edition of the monthly report takes stock of the first three years of the Asian Infrastructure Investment Bank (AIIB) being in operation. These years have seen the world’s newest multilateral bank reach important milestones in its development. This edition of the monthly report also asks whether the regulatory measures implemented since the global financial crisis have made the …
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.