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28 Nov 23
Pandemic costs ruling leads to €45bn in extra spending.
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24 Nov 23
Court ruling forces rethink on official accounts.
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17 Nov 23
Germany cannot use €60bn carried over from previous years to fund clean energy and industrial projects, following a ruling by the country’s constitutional court.
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4 Jul 23
Germany will not see tax rises in 2024 despite finance minister Chrisian Lindner’s insistence on returning the country to its ‘debt brake’ rule needing a €20bn austerity package.
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23 May 23
Industry gets more support as Ukraine war continues.
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25 Apr 23
Stricter rules and stronger enforcement of the European Union fiscal framework would protect the bloc’s economy better than if those rules were loosened, according to Germany’s finance minister.
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9 Nov 22
A tax on Germany’s highest earners could help to reduce the national deficit after public spending soared to support households during the cost-of-living crisis, an independent council has said.
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30 Sep 22
The German government has announced a €200bn fund to protect consumers and businesses from high gas prices.
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13 Sep 22
The German government must meet NATO’s military spending target of 2% of GDP over the long term or risk its €100bn defence fund being spent “in vain”, the nation’s defence minister has said.
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5 Sep 22
The German government is set to allocate a further €65bn to help soften the blow of the cost-of-living crisis on businesses and households.
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19 Aug 22
The German government has announced plans to cut VAT on gas sales by more than half, to help cushion the impact of the cost-of-living crisis.
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25 Jul 22
A complete and permanent shutoff of Russian gas into Europe would take close to 3% off Germany’s forecast economic activity next year, the International Monetary Fund has said.
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7 Jun 22
German parliamentarians have approved the creation of a €100bn special defence fund aimed at modernising the country’s military in response to Russia’s invasion of Ukraine.
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25 Mar 22
The German government has allocated close to €17bn to help mitigate pressures from soaring energy prices, including cuts to fuel duty.
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4 Jan 22
Germany’s new coalition government will give people and businesses “well over €30bn” of tax breaks while keeping the country tied to fiscal balance, its finance minister has said.
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25 Nov 21
German finance minister Olaf Scholz is set to become chancellor after agreeing a ‘traffic light coalition’ deal comprising three parties and setting out the new government’s priorities.
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1 Nov 21
German political parties’ continuing support for the country’s debt brake rule has contributed to rating agency Fitch maintaining its AAA judgement of Europe’s largest economy.
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15 Oct 21
Top economists have revised down Germany’s growth forecast for this year, due to manufacturing bottlenecks and the impact of Covid-19 on services.
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28 Sep 21
German finance minister Olaf Scholz is trying to form a government after his party narrowly won the German elections. PFF takes a look at what a Scholz premiership could mean for German fiscal policy.
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22 Jul 21
The German government has allocated an initial €200m to help with immediate assistance to regions affected by recent floods.
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24 Jun 21
Germany’s cabinet has approved €100bn of borrowing to pay for the government’s Covid-19 response in the country’s draft budget.
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20 May 21
Germany’s highest court has rejected latest attempt to block the European Central Bank from buying sovereign bonds, bringing an end to a six-year legal battle.
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7 Apr 21
The coronavirus pandemic saw Germany’s public sector deficit reach €189bn last year, the largest budgetary gap since its reunification in 1990.
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25 Mar 21
Germany will ignore its debt ceiling for the second year running after approving its 2021 federal budget.
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4 Feb 21
Covid-19 spending and lower revenues have weakened German states’ finances and forced them into debt, according to the latest government figures and analysis from ratings agency Fitch.
28 Nov 23Pandemic costs ruling leads to €45bn in extra spending.
24 Nov 23Court ruling forces rethink on official accounts.
17 Nov 23Germany cannot use €60bn carried over from previous years to fund clean energy and industrial projects, following a ruling by the country’s constitutional court.
25 Apr 23Stricter rules and stronger enforcement of the European Union fiscal framework would protect the bloc’s economy better than if those rules were loosened, according to Germany’s finance minister.
22 Jul 21The German government has allocated an initial €200m to help with immediate assistance to regions affected by recent floods.
