Relief package: praise and criticism from economic experts

( – Ifo President Clemens Fuest described the energy price relief package as “fiscally expensive.” However, it is positive that the petrol price reduction has been limited. “It would have been better to specifically relieve small and medium-sized companies with high fuel costs,” Fuest explained.

ING chief economist Carsten Brzeski praised the package. However, not all negative economic consequences can be decreased. An expert from the Kiel Institute for the World Economy described the package as plausible. However, its measures are too broad-based instead of supporting low-income households in particular. There are also incentives for additional energy consumption. Making public transport cheaper could increase demand for mobility, he added.

“The one-time allocation of 300 Euros provide immediate relief,” said Südekom, a member of the Scientific Advisory Board of the Federal Ministry of Economics. “Because they have to be taxed, low earners tend to benefit more from them.”

Economist Achim Truger classed the package as a classic compromise.

Author: author

Leave a Reply

Your email address will not be published. Required fields are marked *