Category: Finance
Energy costs: Consumer Advice Center wants improvements to the second relief package
(GermanPolicy.com) – The Federation of German Consumer Organizations (VZBV) expects back payments for energy from both tenants and owners of apartments. In particular, heating costs from natural gas have risen with no end in sight, said Engelke, head of energy and construction at VZB. This…
CDU-CSU for relief in taxes and duties
(GermanPolicy.com) – The Union parties have called for further steps to be taken to compensate for the increased energy prices through relief. However, the deputy CDU chairman Jung spoke out against a third relief package. According to a press report, he said: “We don’t always…
Scholz: no turning away from just politics
(GermanPolicy.com) – On the occasion of the May Day rally in Düsseldorf, Chancellor Scholz promised not to end any of the political projects for a society based on solidarity. Increasing the defense budget via a special fund will not result in any reversal in the…
Federal Cabinet decides on second relief package
(GermanPolicy.com) – On Wednesday, the Federal Government decided on a relief package worth several billion Euros. The energy tax on fuel is to be reduced for three months, taxpayers are to receive a one-time lump sum of 300 Euros before taxes, child benefit is to…
Federal government launches supplementary budget
(GermanPolicy.com) – The Federal Government on Wednesday cleared the way for a supplementary budget, which is to apply in the current financial year and which will serve to guarantee energy relief, company aid, and the care of Ukrainian refugees in Germany. For the said budget,…
Electricity price should fall thanks to lower surcharge
(GermanPolicy.com) – The EEG surcharge will be abolished on July 1st of the current year – instead of in 2023. That was decided by the German Bundestag. This means that citizens are benefiting with the greatest electricity price relief in many decades, as commented by…
Lindner (FDP) wants to compensate for cold progression
(GermanPolicy.com) – Federal Finance Minister Lindner (FDP) would like to noticeably limb the employees in 2023. The state should not “enrich itself from salary increases that only compensate for the rise in prices,” Lindner explained. In autumn, therefore, the cold progression should be solved in…
FDP for higher additional income limits for social assistance
(GermanPolicy.com) – The socio-political spokesman for the FDP in the German Bundestag, Kober, has spoken out against a reduction in VAT on staple foods. Rather, the additional income limits of social assistance recipients should be increased. Such a step is already provided for in the…
More foreign aid against grain failures
(GermanPolicy.com) – According to the Federal Cabinet, the development budget is to rise by one billion Euros in the current year. Among other things, the increase includes funds to support Ukraine as well as poorer countries in need of grain provisions from Ukraine and Russia….
Health insurance companies demand a savings package for medicines
(GermanPolicy.com) – The statutory health insurance companies have asked Health Minister Lauterbach to put together an austerity package for medicines. The increase in expenditure on pharmaceuticals in 2021 was almost eight percent above the average of expenditure on health services. The Kassen-Spitzenverband spoke of a…
Promotion of plug-in hybrid vehicles: FDP and the automotive industry contradict Habeck
(GermanPolicy.com) – According to plans by Federal Economics Minister Habeck (Greens), the subsidy for plug-in hybrid vehicles is to expire at the end of the year and will not be extended. The coalition agreement of the traffic light parties speaks against it, however, FDP traffic…
Lindner releases funds for storage and regasification
(GermanPolicy.com) – Federal Finance Minister Lindner (FDP) has given the go-ahead for 2.47 billion Euros in funding for liquid gas terminals in Germany. Four floating storage and regasification units are to be leased. Liquified natural gas should be stored to ensure Germany’s gas supply. Due…
Reduced energy tax
(GermanPolicy.com) – As part of the relief package launched by the Federal Government to combat high energy prices, a reduction in energy tax is to make fuel cheaper from June 1 and for three months. This results from a draft issued by the Federal Ministry…
Nine-Euro ticket to be available from June
(GermanPolicy.com) – According to the Association of German Transport Companies, the 9-Euro monthly ticket for local and regional transport will be sold in June, July, and August. It will be valid until the end of the sales month. Not included in the use is long-distance…
Lindner (FDP) would like to adhere to the debt brake in 2023
(GermanPolicy.com) – In 2023, Federal Finance Minister Lindner (FDP) once again wants to meet the debt brake. “It’s a constitutional mandate,” he explained. The current aid package is a kind of shock absorber to support the economy, Lindner said – a regulation not passed lightly….
Funding for companies affected by the crisis
(GermanPolicy.com) – The Federal Government would like to grant subsidies of up to five billion Euros to entrepreneurs who are particularly hard hit by the situation in Ukraine. Loans can be taken up to a total of 100 billion Euros. The liquidity protection through loans…
Modalities of climate budget: Union parties file lawsuit
(GermanPolicy.com) – The Union faction in the German Bundestag has filed a complaint with the Constitutional Court because the supplementary budget can be used for investments that serve climate protection. The head of the parliamentary group of the CDU and CSU in the Bundestag, and…
More money for the young through training grants
(GermanPolicy.com) – The Federal Cabinet has decided to increase state training funding by five percent. The Bafög rate for students is to be increased to 449 euros per month. For students who live in their own room or apartment, 359 euros should soon flow to…
Highest pension increase in 30 years
(GermanPolicy.com) – The Federal Cabinet has approved a pension increase of 5.35 percent from 1 July. Federal Minister of Labor Heil (SPD) described this as the highest increase in 30 years. In East Germany, pensions will climb by 6.12 percent. Incidentally, the 3 million recipients…
Cornerstones of German share pension set
(GermanPolicy.com) – The Deutsche Bundesbank has been selected by the Federal Treasury to manage the investment fund that will be used to pay for state pensions from shares in the future. The fund should operate in a yield-oriented manner. “In a first step, the fund…
Amount of financial aid for Ukrainian refugees defined
(GermanPolicy.com) – The Federal Government, together with the representatives of the Federal States, has found an agreement as to the distribution of the costs for Ukrainian refugees. Those affected should receive a similar level of support as do asylum seekers after their recognition. From June,…
