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The budget of 2018 : the Federal government makes almost record surplus

The Federal government has, in spite of slightly declining growth in the previous year for the fourth Time in a row, a Surplus in the budget. The of the financi

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The budget of 2018 : the Federal government makes almost record surplus

The Federal government has, in spite of slightly declining growth in the previous year for the fourth Time in a row, a Surplus in the budget. The of the financial statements, the Federal Ministry of Finance informed on Friday. According to the provisional Figures of the Federal government, with 11.2 billion euros in the Plus. Finance Minister and Vice-Chancellor Olaf Scholz (SPD) is near, even the record surplus of 12.1 billion euros, and his predecessor, Wolfgang Schäuble, for the financial year 2015 could be on.

the Surplus goes back down in the double digits for several reasons. For one, the Federal government spent less than planned – to EUR 337.1 billion euros instead of 343,6 billion. What, however, are still approximately eleven billion euros more than in the year 2017. Part of this reduction in expenditure goes back to the low interest rates: Scholz had to spend one and a half billion less than planned for the debt service. Secondly, the tax had some revenue in the Plan, if only to 1.1 billion euros. And thirdly, the other income increased by some five billion euros.

billion in reserve

The Surplus, as since the years, in a reserve converted. Formally this may be used to cover the expected refugee costs. In the reserve had accumulated quite a 24.4 billion Euro. Now there are 35.6 billion euros – nearly ten percent of the total Budget of EUR 337.1 billion euros last year. However, the money for the projects of the Grand coalition had been allocated already, it is called the Scholz-Department. For example, for the planned reduction in the solidarity surcharge from 2021. This is true even for the Surplus of 2018. It would be, was to be expected – revenues were already in the planning. For example, it is for the Minister of Finance not a problem, that the expenditure for the new baukinder two billion Euro is planned to be money with 2.8 billion this year, significantly higher than the. Therefore, the message from the Ministry is that the Surplus-creating spaces, no additional game. It should be noted that the budget Committee of the Bundestag in November increased spending in the budget for 2019 as early as four billion euros and several billion in the future, households with the so-called commitment appropriations have been committed.

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investment order it at 38 billion

The investment of the Federal government add up in 2018 on a volume of 38.1 billion euros. Were originally planned to 39.8 billion euros. The progress of the Plan is likely to be also explained by the fact that the government has pulled the formation far into the year, and several months of a restricted budget management.

Eckhardt Rehberg, the budget policy spokesman of the Union group, said: "We can expand with the Excess of the Provision for the next years." Which means that the expenditure of the Grand coalition, which exceed the expected revenue, is funded from the Accumulated savings of the past years. "Already in the current financial planning up to 2022 to balance the budget without new debt can be secured only by withdrawals from a total of 22.4 billion Euro from the reserve," said Rehberg. The new Income from 2018 will now urgently needed, "alone our international obligations in the areas of defence and development aid as well as for the EU budget".

"On the issue

In the Ministry of Finance not to step brake" is expected that it will come in the coming years to Surpluses. The Rehberg says: "the Unexpected tax revenue is not expected in the next few years. We now have to step on the output of the brake. For new social spending, as demanded by the SPD continually, is no money in there. One-time Surpluses may not be used to Finance permanent expenditure.“

The Statement of the SPD budget politician Johannes Kahrs sounds quite similar: "The budget surplus of over ten billion euros, shows that Germany is doing well, the economy is going, the state is running reasonable." However, according to economic researchers, and tax estimators, in the state take more and more taxes than expected, go to the end. "We need to be prepared." Strictly that was taken as early as 2018, because the tax revenues were only slightly above Plan. Kahrs criticism of the Union, what his CDU colleagues Rehberg falls to the SPD: From the Union ministries more claims would be constantly in the billions.

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