GERMANY: Government statement - Chancellor Olaf Scholz promises draft budget in July

GERMANY: Government statement - Chancellor Olaf Scholz promises draft budget in July
Chancellor Olaf Scholz believes that the budget negotiations of the traffic light government are on the right track. There are very collegial, fact-based and confidential discussions about the budget for the coming year and a growth boost for the economy, said the SPD politician in his government statement in the Bundestag. "We will present the draft budget in July," he promised.
Scholz, Vice Chancellor Robert Habeck (Greens) and Finance Minister Christian Lindner (FDP) had originally planned to make a cabinet decision on July 3. However, this date can no longer be met because a political agreement still has to be translated into a draft ready for approval. The cabinet decision is now targeted for July 17. The negotiators must find ways to fill a gap in the double-digit billion range.
Scholz explained: "More security, more cohesion, more growth, these are the priorities for our country." At the same time, he stressed: "There must be no cuts in social justice, health, care or pensions."
In order to stimulate economic growth, there should be better conditions for people who want to continue working after retirement. He also hinted at simplifications in tax law, reduction of bureaucracy and improved depreciation rules. Strict action must be taken against the misuse of state benefits. "It is unacceptable that some people receive citizen's allowance, for example, and at the same time work illegally," said Scholz. "We will create the legal framework to ensure that this does not continue to happen."
#budget #olafscholz #worldnewschannel
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