(de-news.net) – The Federal Government has announced its intention to substantially augment public investment in the current fiscal year. According to Finance Minister Klingbeil, the projected investment volume is set to reach 110 billion euros, representing a significant increase from the 75 billion euros allocated in the previous year.

Klingbeil confirmed that the implementation of the special fund has already commenced and underscored the government’s commitment to effecting tangible improvements for citizens, particularly those who contribute to economic productivity through their labor and who expect the state to operate with enhanced efficiency. He further emphasized that the foremost priority remains the stimulation of economic growth and the preservation of employment. The projected investment figure of 110 billion euros encompasses allocations from the core federal budget. Meanwhile, preparations for the draft budget for 2025 are actively underway, with cabinet approval anticipated by late June.

Klingbeil recently dismissed criticisms from the Greens after they had asserted that the special fund was being utilized to offset budget deficits. He reaffirmed the government’s dedication to maintaining rigorous fiscal consolidation measures. Industry representatives had cautioned that, in the absence of expedited planning and approval mechanisms, the special fund risks failing to achieve its intended objectives. In response, Klingbeil announced plans for the implementation of extensive structural reforms aimed at addressing these concerns.