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German financial minister explained to the ruling party that there is no plan at the "current time"

2019-09-04T02:40:24.288Z


[Berlin, Reuters]-German Schoelz finance minister believes that the government will change its fiscal balance “by now” to finance its climate change with deficit-bonds. I told you not. Influential legislator


[Berlin, Reuters]-German Schoelz finance minister believes that the government will change its fiscal balance “by now” to finance its climate change with deficit-bonds. I told you not. Influential lawmakers revealed.

Conservative Christian Democratic and Social Alliance (CDU / CSU) led by Prime Minister Merkel and Social Democratic Party (SPD) are currently discussing comprehensive climate change countermeasures, and there is a high possibility that a significant financial burden will arise. .

A senior government official told Reuters last month that the Treasury is considering a plan to issue deficit bonds in the form of “green bonds”. [nL4N2544OW]

According to Johannes Carls, who is in charge of the SPD budget, the meeting between Mr. Scholz and the members of the Congress held on the 3rd, agreed to finance the climate change measures with existing funds and additional revenue.

Mr. Carls said there is no "current" plan for issuing deficit bonds and changing fiscal balance.

According to him, lawmakers said at the meeting that the government could expand spending without issuing deficit bonds until 2021 when the current parliament expires, and Schoolz did not object. That's it.

Source: asahi

All news articles on 2019-09-04

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