The Federal Court of Auditors scrutinized the Ministry of Economics, led by Robert Habeck, for failing to comply with guidelines on financial assistance, leading to almost 75% of federal subsidies, totaling 33 billion euros, passing through the department.
The report, highlighting deficiencies, was submitted to the Budget Committee urging subsidy reductions for the 2025 budget. The auditors raised concerns about the lack of adherence to time constraints for subsidies, emphasizing the necessity to curtail financial aid to prevent budget rigidity.
Additionally, the Federal Court of Auditors expressed significant reservations regarding the government's budget plans, noting excessive borrowing estimates that could result in a 74 billion euro deficit in long-term financial planning. The auditors suggested abstaining from passing the 2024 supplementary budget due to potential constitutional risks.
Criticism was also directed towards the fiscal plans of the Ampel coalition, highlighting deficiencies in diligence and fiscal prudence, as reported by SPIEGEL. Furthermore, Habeck aims to intensify oversight over companies Temu and Shein, given the substantial market share increase of these online retailers in Germany.
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