budget
Chancellor Olaf Scholz defended cuts to the 2025 federal budget planned by Germany's three-party coalition in an interview on Sunday with public broadcaster ARD. "We have to manage on the money that we have. There's no way round that," Scholz said. The coalition, made up of Scholz's Social Democratic Party (SPD), the Greens and the pro-business liberal Free Democrats (FDP), had firmly decided to draw up a budget based on the financial plans of the various ministries, he said. Constructive talks were proceeding, Scholz said, expressing confidence that the government "will have the budget under ...
DPA
Germany's ruling coalition still has a lot of work ahead amid difficult deliberations on the 2025 federal budget, Finance Minister Christian Lindner said on Saturday, as left-wing politicians criticized prospective cuts to social spending. "We have not yet reached the landing zone," the minister told the Neue Osnabrücker Zeitung newspaper. It is "not just about a draft budget for next year ... but also about a fundamental turnaround in [Germany's] economy," Lindner stressed. "Redistributing state money and subsidies do not create added value," added Lindner, a fiscal conservative who holds to ...
DPA
The coalition still has a lot of work ahead of it in its difficult deliberations on the 2025 federal budget, German Finance Minister Christian Lindner has said. "We have not yet reached the landing zone," the minister told Saturday's edition of the Neue Osnabrücker Zeitung newspaper. It is "not just about a draft budget for next year ... but also about a fundamental turnaround in [Germany's] economy," Lindner stressed. "Redistributing state money and subsidies do not create added value," added Lindner, a fiscal conservative who holds to a tougher line than his coalition partners. In addition, ...
DPA
German Chancellor Olaf Scholz does not expect the new lower tax income estimate to have any serious impact on the deliberations on the next federal budget. "As far as the issue of budget consultations in Germany is concerned, we are on schedule," Scholz said at a press conference with Moldovan President Maia Sandu on Friday in response to a question from journalists. It was not so surprising that the tax estimate was "not quite so favourable," he said, adding that the expected results had therefore already been taken into account beforehand. According to the German chancellor, the draft budget...
DPA
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