2024-09-07 17:55:08
Politics
Finance

Union accuses coalition of 'budget tricks and legally questionable maneuvers'

The Union faction in Germany accuses the coalition government of using 'budget tricks and legally questionable maneuvers' to pass the budget. They claim that the government focused on circumventing the debt brake to reach an agreement.

The budget proposal for 2025 includes total expenses of 488.61 billion euros, with the need for fresh loans amounting to 51.3 billion euros. Despite this high level of borrowing, there is still a financial gap of 12 billion euros.

Chancellor Scholz postponed a reform of the debt brake to the next legislative period. In a different context, the city of Mainz accumulated 1.2 billion euros in debt prior to the local elections, prompting criticism from control authorities.

As the Bundestag begins debating the budget proposal, concerns are raised about its credibility and its reliance on questionable tactics. The article mentions the popularity of SPIEGEL's digital offering, which has over 400,000 subscribers.

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DER SPIEGEL
7. September 2024 um 09:19

Budget Debate in the Bundestag: The Deception in the Draft Budget for 2025 - DER SPIEGEL

Politics
Economy
The Bundestag must review the government's draft budget for 2025. The figures appear like magic, but it is a sham.
Frankfurter Rundschau
7. September 2024 um 13:34

Traffic light coalition finally sets budget 2025 in motion - new debt 'historically high'

Politics
Finance
Economy
The budget proposal for 2025 by the traffic light coalition includes expenses of 488.61 billion euros and a 'historically high' new debt of 51.3 billion euros. Despite the loans, there is a financing gap of 12 billion euros. Chancellor Scholz postponed a reform of the debt brake to the next legislative period, as a cross-party consensus is necessary for this.
gmx
7. September 2024 um 12:58

Eyes closed and through

Economy
Finance
Politics
Finance councilor Günter Beck warned of the end of the Biontech money shower with 2 billion euros in trade tax revenue; Despite warnings, he presented an unbalanced budget for 2024; The regulatory authority in Trier saw this as a provocation and issued a sharp reprimand; The supervisory authority criticized the forecasts for 2025/2026 and the impending further debts; The new Kenya coalition must bear the consequences of the work not properly done before the local elections; Mainz had previously..
CW

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