Public Finances 27th Subsidy Report 2017–2020
The German government’s work is based on transparency and facts. In line with this approach, the Finance Ministry presented the government’s 27th Subsidy Report to the federal cabinet on 6 November 2019. Climate action is an important priority for government subsidies, with the majority of federal financial assistance going to environmental and climate-related measures. Other current funding …
Coronavirus A protective shield for employees and companies
On 13 March 2020, Germany’s Finance Ministry and Economic Affairs Ministry jointly unveiled an assistance programme and tax policy measures totalling billions of euros. The two ministries agreed on an extensive package of measures to protect jobs and to protect businesses of all sizes in all sectors. The aim is to ensure that Germany’s health care system and economy are financially equipped to …
This brochure provides a chronological overview of the compensation and restitution measures that have been adopted by Germany from the end of the Second World War up to the year 2020. Many of the measures listed are accompanied by a brief description. Sources are also provided in order to facilitate more in-depth research.
Coronavirus Emerging from the crisis with full strength
VAT in Germany will be reduced for a temporary period starting on 1 July 2020. The German Bundestag and Bundesrat have passed the Coronavirus Tax Assistance Act, which implements key parts of Germany’s unprecedented stimulus package. On top of the reduced VAT rate, measures include a bonus for families with children as well as extensive tax relief for single parents, businesses and other …
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.
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.
Public Finances G7: Think Ahead. Act Together.
Finance Ministry brochure about the issues for the G7 finance ministers and central bank governors meeting in Dresden: growth for present and future generations, well-functioning financial markets and enhancing cooperation in tax matters.
Public Finances German Draft Budgetary Plan 2020
On 15 October 2019, the German Finance Ministry submitted Germany’s 2020 draft budgetary plan to the European Commission. The 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). The projections are based on current trends and planning, such as the draft 2020 federal …
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.
Public finances German Stability Programme 2018
The member states of the European Union submit their medium-term fiscal plans to the European Commission and to the Economic and Financial Affairs Council (ECOFIN) by the end of April each year. To this end, in order to comply with the rules of the Stability and Growth Pact, member states of the euro area submit updated Stability Programmes, while all other EU member states submit updated …