![]() ![]() ![]() It also intends to launch an investment offensive with European partners to support cross-border technology projects. In addition to spending on environmental protection and digitalisation, the Federal Government is stepping up project funding in the field of microelectronics. Substantial amounts will go into climate protection, digitalisation, education, research and infrastructure. A sum of 50.8 billion euros is available for investments in the current year – still significantly higher than before the pandemic. What investments is the Federal Government planning?ĭespite the challenging fiscal environment, the Federal Government is providing incentives for investment and innovation to strengthen Germany as a business hub. It will introduce this programme as a supplement to the 2022 federal budget in the course of parliamentary consultations. The Federal Government is also developing an additional programme to mitigate the financial impact of increased energy costs while at the same time reinforcing humanitarian efforts related to Russia’s attack on Ukraine. Defence spending is therefore to be increased, as are investments from the new Special Federal Armed Forces Fund – with the aim of strengthening self-defence and collective defence capabilities in accordance with Germany’s international obligations as a member of NATO. In view of the developments in Ukraine, the Federal Government also attaches great importance to Germany’s security policy interests. For this reason, the Federal Government has introduced measures such as an extension of the comprehensive coronavirus aid for companies and the self-employed and has approved a wide range of tax relief measures. This policy is still necessary so as ensure the economy swiftly returns to a path of fast and above all sustainable growth. ![]() Supportive fiscal policy has successfully helped stabilise the German economy over the last two years of the pandemic. The most important goal remains to focus specifically on counteracting the negative effects of the pandemic so as to enable a sustainable economic recovery. What are the priorities of the Federal Government? The fiscal situation at the beginning of the legislative period is challenging: the impact of the pandemic continues to weigh heavily on public budgets, so there is limited room for manoeuvre. It reflects key political priorities set out in the coalition agreement and focuses on investments for the future: climate protection, digitalisation, education and research as well as the infrastructure required. The 2022 federal budget provides for revenues and expenditures of 457.6 billion euros – almost 15 billion euros more than estimated in the first draft. How big will the federal budget be in 2022? ![]() But even under these circumstances, it was important for the government to secure stability, retain flexibility and strengthen growth, said Lindner. “We now have to assume that the federal budget will face additional expenditure,” he said. The legislation now heads to the House, where it is expected to be approved late Thursday or early Friday before heading to President Joe Biden’s desk.Russia’s attack on Ukraine “has once again fundamentally changed” the situation regarding budgetary policy in Germany, said Federal Finance Minister Christian Lindner at the presentation of the draft 2022 budget. The legislation is an extension of another continuing resolution approved at the end of September that maintained fiscal year 2022 funding levels through December 16. The government is currently operating under what’s known as a “continuing resolution” passed by Congress last week in order to give it more time to negotiate a full-year funding deal. Kyrsten Sinema (I-Ariz.) and John Tester (D-Mont.) proposed a competing amendment that would have called for Title 42 to be lifted once an alternative plan is put in place and provided more money for border security. Mike Lee (R-Utah) would have halted the expiration of Title 42, which was kept in place past its Wednesday deadline this week by a judge overseeing a case filed by 19 Republican states seeking to uphold the program indefinitely. Senators announced early Thursday they had reached an agreement to pass the bill following a last-minute tussle over the expiration of the Trump-era Title 42 program that allowed federal agents to deny migrants at the border. Museum Partnership Project–both subjects of GOP criticism. $15 billion was set aside for 7,200 earmarks to fund projects in lawmakers’ home states, including $3.6 million for the Department of Transportation to fund a hiking trail named after Michelle Obama in Georgia and a $3 million earmark for the New York Historical Society and American L.G.B.T.Q. ![]()
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |