Tag: Finance
How the social insurance system will be stabilized
(de-news.net) In order to stabilize the nation’s social insurance systems, the Federal Government intends to provide significant financial assistance in the form of aid packages worth billions of euros in 2025. A multi-year loan of 2.3 billion euros is to be given to the Health…
Invoices and financial records may have to be retained longer
(de-news.net) – According to proposals advanced by Federal Finance Minister Lars Klingbeil (SPD), commercial entities will once again be obliged to retain invoices and financial records for an extended period. As reported by various media outlets citing the chair of the SPD, the ministerial staff…
BDI sees favorable performance of the new German government
(de-news.net) – The President of the Federation of German Industries (BDI), Peter Leibinger, has conveyed a favorable assessment of the current federal coalition, commending its promising initial performance and its commitment to implementing pertinent administrative and fiscal reforms. He emphasized that the government’s efforts to…
Law on Citizen’s Income reform to be presented in the near future
(de-news.net) – Federal Minister of Labor Bärbel Bas SPD) aims to swiftly implement reforms to the Citizen’s Income system. The SPD politician stated in Berlin that individuals who miss appointments should face stricter penalties. Additionally, she intends to modify the grace period for personal assets,…
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…
