Category: Finance
Kretschmer, other Prime Ministers propose new revenue mechanism
(de-news.net) – To enhance economic growth, the Federal Government has proposed a comprehensive business relief initiative, a policy reform deemed necessary by the Federal States. However, state premiers have expressed concerns regarding the potential financial burden this program may impose on regional and municipal administrations….
MIT for a reduction of Germany’s state quota
(de-news.net) – In a resolution adopted by the Federal Executive Board of the Mittelstands- und Wirtschaftsunion (MIT), the economic wing of the Christian Democratic Union (CDU) has advocated for a reduction in Germany’s state quota from approximately 50 percent to below 45 percent. MIT Chair…
Industry stakeholders welcome corporate tax relief
(de-news.net) – The government’s proposed corporate tax relief measures have been positively received by key industry stakeholders. The German Chemical Industry Association described the initiative as a “substantive economic policy signal,” reflecting strong approval. The German Association of the Automotive Industry particularly welcomed the tax…
Bas (SPD) for preventing social assistance abuse
(de-news.net) – Federal Minister of Labor Bärbel Bas (SPD) has articulated her commitment to intensifying measures aimed at preventing the misuse of social assistance. To more effectively address systemic abuse, she underscored the imperative of enhanced data exchange and the coordinated collaboration of federal, state,…
Government to significantly raise public investment
(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…
Prien wants to introduce a caregivers’ allowance
(de-news.net) – Germany’s Minister for Family Affairs, Karin Prien (CDU), has expressed the intention to introduce the new social benefit of a caregivers’ allowance as a form of wage replacement for family members undertaking caregiving responsibilities. In media statements, she reportedly explained this by stating…
First reading of the Federal Budget as well as economic relief from June and July
(de-news.net) – According to Federal Minister for Economic Affairs Katherina Reiche (CDU), the Federal Cabinet is set to introduce an initial relief package for businesses by mid-July. The package will encompass early labor market reforms and a reduction in electricity taxes. Reiche made these remarks…
Klingbeil (SPD) calls for the implementation of fiscal consolidation measures
(de-news.net) – Federal Finance Minister Lars Klingbeil (SPD) has emphasized the need for all federal ministries to adopt cost-saving measures in preparing the 2025 budget. He cautioned against any sense of complacency, despite the availability of a 500-billion-euro special fund for infrastructure and the exemption…
Klingbeil: social insurance facing structural reforms
(de-news.net) – Federal Finance Minister Lars Klingbeil (SPD) has announced “fundamental and bold” structural reforms for social insurance but vowed to initially stabilize struggling health and long-term care insurance by the use of federal funds. He acknowledged the urgent need for stabilization, emphasizing that long-term…
An expansion of the statutory pension system: just an idea, Klüssendorf says
(de-news.net) – The German Civil Servants’ Association has rejected Federal Labor Minister Bas’s proposal to integrate civil servants into the statutory pension system, arguing that such a measure would not resolve any issues within the pension fund. Volker Geyer, the association’s deputy chairman, advocated for…
Minimum wage, pensions: Bärbel Bas sparking controversy
(de-news.net) – Federal Minister of Labor Bärbel Bas (SPD) has sparked controversy within the governing coalition by proposing that self-employed individuals and civil servants contribute to the pension system and pressuring the Minimum Wage Commission to ensure a 15-euro hourly wage—suggesting political intervention, if necessary….
Klingbeil does not exclude tax increases
(de-news.net) – Lars Klingbeil, SPD chairman, does not rule out tax increases under the anticipated CDU/CSU-SPD government. He emphasized the importance of financial resources to strengthen Germany and Europe, advocating for openness in addressing the current financial situation. Klingbeil highlighted the coalition’s ambitious investment program…
