The Limited Times

Now you can see non-English news...

Olaf Scholz: The finance minister wants to plug the corona hole with these tricks

2021-01-15T14:49:43.226Z

In the federal budget for 2022, the Ministry of Finance plans to reduce new debt from 180 billion to 8 billion euros. How does that work?



Icon: enlarge

Finance Minister Scholz: Hope values ​​and air bookings

Photo: Daniel Hofer / laif

The letter from the Federal Ministry of Finance (BMF) is routine and businesslike.

With the usual empty phrases it calls on the departments to tackle the budget for the next year, almost as if nothing had happened.

In typical official German there is talk of the "internal government procedure", of the "preparation of the federal budget 2022", of the "federal financial plan 2021 to 2025", which will be carried out "as in previous years as a benchmark procedure".

Attached are two annexes with 14 appendices, almost 70 pages.

How the budget is to be drawn up is listed down to the smallest detail.

It regulates what new company cars can cost.

Federal ministers are entitled to a vehicle worth up to 75,000 euros, state secretaries up to 69,500 euros, department heads up to 49,500 euros.

The letter duly reminds the budget officers in the ministries of the "principle of economic efficiency in income and expenditure".

Business as usual?

The instructions from the BMF do not reveal with a single syllable that the budget for 2022 is the greatest challenge for the federal government in more than ten years.

For a long time, Finance Minister Olaf Scholz (SPD) and his predecessor Wolfgang Schäuble (CDU) were able to draw on the full.

Year after year they planned with households without new debt, and year after year they were surprised by the good economic situation.

In the end, billions in surpluses in the federal treasury rang regularly.

Read more with Spiegel Plus

More perspectives, more understanding.

Your advantages with SPIEGEL +

  • Icon: Check

    SPIEGEL as a magazine

    as an app, e-paper and on the e-reader

  • Icon: Check

    All articles on SPIEGEL.de

    Exclusive texts for SPIEGEL + readers

  • Icon: Check

    Try one month for free

    Cancel anytime online

    A price

    only € 19.99 per month

One month for € 0.00

Try now for 0.00 € Buy nowArrow to the right

Already have a digital subscription? Register here

Restore iTunes subscription

SPIEGEL + is processed via your iTunes account and paid for with a purchase confirmation.

24 hours before it expires, the subscription is automatically renewed by one month at the current price of € 19.99.

You can cancel the subscription at any time in the settings of your iTunes account.

In order to use SPIEGEL + outside of this app, you must link the subscription to a SPIEGEL ID account immediately after purchase.

With the purchase you accept our general terms and conditions and privacy policy.

Source: spiegel

All business articles on 2021-01-15

You may like

Trends 24h

Business 2021-03-07T21:13:30.334Z

Latest

© Communities 2019 - Privacy