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 …
On 6 July 2018, Germany’s federal cabinet adopted the government draft for the 2019 federal budget and the financial plan to 2022.
monthly_report_download November 2018 monthly report
The monthly report includes interesting articles on topics within the Finance Ministry’s remit, a selection of which are translated into English each month. The November edition features an overview of KfW Capital, the new KfW Banking Group subsidiary. Its investments in venture capital funds will benefit young, innovative companies across all sectors.
monthly_report_download December 2018 monthly report
The last monthly report of 2018 looks back on ten years of “Partnership Deutschland” (PD), the only public consulting company that operates Germany-wide and at all levels of government. PD advises the public sector on projects for innovative, sustainable infrastructure and for the modernisation of administrative processes. The December issue also reports on an interdisciplinary conference on the …
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 …
monthly_report_download January 2019 monthly report
The first issue of the monthly report in 2019 focuses on the provisional closure of the federal budget for 2018. All the key figures can be found (in English) in the press release and the charts that come with it. This issue also examines the potential impact, in terms of customs provisions, of a no-deal Brexit – a possibility for which the German government and customs administration are making …
Public Finances Financial Times interview with Olaf Scholz
In an interview with the Financial Times, German finance minister and vice chancellor Olaf Scholz speaks about current issues. Focusing on the federal budget, he also outlines the prospects for Brexit. He emphasises the importance of a balanced budget without new debt whilst taking account of the need for “social cohesion” and the importance of the welfare state.
monthly_report_download February 2019 monthly report
In addition to key figures on economic and fiscal conditions in Germany, the February issue of the monthly report contains an article on the German government’s Annual Economic Report. Entitled “Strengthening the social market economy – leveraging potential for growth, boosting competitiveness”, the report was adopted by the federal cabinet on 30 January 2019. The February monthly report …
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.
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 …