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  1. 30 October 2019

    Results of the 156th meeting of the Working Party on Tax Revenue Estimates

    The Federation, Länder and local authorities can continue to expect higher tax revenues in the coming years. According to current tax estimates, tax revenues will rise from €796.4bn in 2019 to around €935.0bn in 2024. The trend will be somewhat better for the Länder and local authorities than for the Federation, however. Overall, the Working Party on Tax Revenue Estimates has corrected its revenue expectations slightly downwards.

  2. 16 October 2019

    Clear and socially equitable incentives for climate-friendly behaviour

    Today the German government adopted draft legislation to implement the Climate Action Programme 2030 in tax law and to amend the Aviation Tax Act.

  3. 9 October 2019

    New reporting obligation will create greater fairness in taxation

    The federal cabinet today approved the draft Act Introducing a Reporting Obligation for Cross-Border Tax Arrangements.

  4. 2 October 2019

    Sound financing for effective and socially equitable climate action

    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.

  5. 6 June 2019

    Joint press release: Sustainable Finance Committee takes up work

    The German government created a Sustainable Finance Committee on 6 June 2019. The Committee’s purpose is to advise the German government as it drafts and implements a sustainable finance strategy, as well as to pool existing expertise and foster dialogue between the relevant players.

  6. 27 May 2019

    German Financial Stability Committee recommends activating countercyclical capital buffer and 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%.

  7. 20 March 2019

    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.

  8. 15 January 2019

    Provisional closure of the 2018 federal budget – well-managed budgets and record investments

    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 debt brake.

  9. 27 July 2018

    KfW acquires temporary stake in German TSO 50Hertz on behalf of the Federation

    Acting on behalf of the Federal Government, Germany's development bank, the Kreditanstalt für Wiederaufbau, has acquired a temporary stake in transmission system operator 50Hertz. The company supplies electricity to some 18 million people in Germany and is a key player in putting the country's energy transition into practice.

  10. 6 July 2018

    Draft 2019 budget and financial plan to 2022: forward-looking, fair and responsible

    On 6 July 2018, Germany’s federal cabinet adopted the government draft for the 2019 federal budget and the financial plan to 2022.

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