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Merz accuses traffic light coalition of irresponsible fiscal ...
2024-09-08 05:50:09
Politics
Economy

Merz accuses traffic light coalition of irresponsible fiscal policy

Image courtesy of : AFP (TOBIAS SCHWARZ)

CDU leader Merz criticizes the 2025 traffic light budget as irresponsible, particularly the 12 billion euros in global spending cuts. He compares this to going to a restaurant without money.

Merz also sees risks from Karlsruhe, as FDP deputies are suing against the solidarity surcharge. The draft budget provides for expenditures of over 480 billion euros, including 44 billion euros in new debt.

Merz does not rule out that the Federal Constitutional Court will once again become a budget risk for the traffic light coalition. Olaf Scholz, the chancellor, is facing challenges as his coalition government is constantly on the verge of breaking apart and his leadership is being questioned.

Related news on that topic:

Traffic light coalition agrees: New security package unveiled

The traffic light coalition has adopted a security package in response to the Solingen terrorist attack. The package includes measures against Islamist terrorism, irregular migration, and stricter gun control. Federal Minister of Justice Marco Buschmann has outlined three specific measures. The draft law has been sent to the parliamentary groups to expedite the implementation process. Deliberations in parliament are set to begin next week. It remains uncertain whether this security package will help boost the approval ratings of the Scholz government, which has recently been in a slump. In addition, the coalition is facing internal divisions, with Scholz criticizing the media's focus on the disagreements. Scholz has also defended the coalition's pension plans, stating that the establishment-oriented experts' criticism is unfounded. He believes that a pensions system with no reductions after 45 years of contributions is justified and opposes raising the retirement age.

Union accuses coalition of 'budget tricks and legally ... 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. It also provides information on how to purchase or subscribe to the content.

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The press radar on this topic:

Frankfurter Rundschau
8. September 2024 um 03:27

Merz accuses the traffic light coalition of irresponsible fiscal policy

Politics
Economy
CDU leader Merz criticizes the 2025 traffic light coalition budget as unreliable, especially the global spending reduction of 12 billion euros. He compares this to visiting a restaurant without money. Merz also sees risks from Karlsruhe, as FDP members are suing against the solidarity surcharge; however, Lindner plans to include the solidarity surcharge revenues in the budget. Furthermore, Merz accuses the government of irresponsible spending authorizations.
Tagesspiegel
8. September 2024 um 03:27

Federal budget: Merz accuses traffic light coalition of unserious fiscal policy

Politics
Economy
Merz criticizes traffic light coalition budget 2025 as unserious: 12 billion euros global spending reduction without coverage; Lindner presents a 480 billion euro budget with 44 billion in new debt; government commits to obligations for 2026+; Constitutional Court could face risk again due to FDP lawsuit against solidarity surcharge; Merz compares budget to a restaurant bill; Budget week and lengthy deliberations in the Budget Committee ahead.
EL PAÍS
8. September 2024 um 03:40

Olaf Scholz, the chancellor always on the edge

Politics
The social democrat has been at the head of a poorly valued coalition by citizens that seems constantly on the verge of breaking up for three years. The elections in Brandenburg on the 22nd again call his leadership into question. Your subscription is being used on another device. Your subscription is being used on another device and you can only access EL PAÍS from one device at a time. Angela Merkel was nicknamed the 'crisis chancellor'. For 16 years, she captained the German ship from the 2..
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