Financial markets German Financial Stability Committee releases sixth annual report
In its meeting on 27 May 2019, the German Financial Stability Committee (G-FSC) decided to submit a recommendation to the German Federal Financial Supervisory Authority (BaFin). It is recommending to BaFin that the domestic countercyclical capital buffer (CCyB) be activated as from the third quarter of 2019 and lifted to 0.25%.
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.
Public finances Provisional closure of the 2018 federal budget
On 15 January 2019, the Federal Ministry of Finance presented the provisional closure of the 2018 federal budget. It showed that budgets have been well-managed while investments reached record levels. The provisional data shows that the Federation achieved a structural surplus of roughly 0.15% of gross domestic product (GDP) in 2018, thus meeting the requirements of Germany’s constitutional …
On 6 July 2018, Germany’s federal cabinet adopted the government draft for the 2019 federal budget and the financial plan to 2022.
Public finances Report on Germany’s public finances sent to EU: Budget surpluses amid a strong upturn
On 18 April 2018, the federal cabinet adopted the German Stability Programme for 2018. Germany will now send the programme to the European Commission and the ECOFIN Council, thereby fulfilling its obligations under EU rules to submit its medium-term fiscal plans to Brussels by the end of April each year. In the Stability Programme, Germany reports on its compliance with the requirements of the …