The Federal Ministry of Finance has launched an initiative that aims to improve the links between the vast quantity of documents relating to the German government’s Wiedergutmachung (compensation and restitution) for crimes committed by the National Socialist regime and to make these records more accessible to victims, family members and researchers.
Public finances 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 …
Kriegsfolgen/Wiedergutmachung [EN] A timeline: Measures to compensate for National Socialist Injustice
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.
Background Changes at the beginning of 2018
The main changes in 2018 include larger tax-free allowances, higher child benefit, improved old-age provision and measures to fight tax evasion and tax fraud. The beginning of a new year is generally a time when regulatory changes are introduced that can impact citizens and companies in a number of ways. Here is an overview of the most important developments.
Public finances Draft 2018 budget and financial plan to 2021
On 28 June 2017 the federal cabinet adopted the government draft for the 2018 federal budget and the financial plan to 2021. No new debt is envisaged for any of the years covered by the financial plan. Federal expenditure in the years up to 2021 is set to rise at a moderate pace, from €329.1bn in 2017 to a projected €356.8bn in 2021. In particular, federal spending in forward-looking, …
Public finances 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 contains a brief explanations of 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 …