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Federal budget: Scholz warns of billion hole

on The economy, tax revenues fall: The to the Federal budget. The Minister of Finance Scholz called on his Ministerial colleagues now to Save money - especially

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Federal budget: Scholz warns of billion hole

on The economy, tax revenues fall: The to the Federal budget. The Minister of Finance Scholz called on his Ministerial colleagues now to Save money - especially when expensive officials apparatus.

The Federal government is looming in the coming years, supposedly a larger financial gap. According to a report the "picture" could there be until the year 2023 a hole in the Budget of almost 25 billion euros. This is clear from a notice by the Federal Minister Olaf Scholz (SPD) to his Ministerial colleagues.

the Federal is more money out of

reason are, therefore, substantially higher expenditure and lower tax revenue. The financial gap in the amount of 24.7 billion euros, called Scholz according to the report, at the start of the talks on financial planning. Already in this account of the complete Exhaustion of the financial buffer in place for dealing with refugees is included. This so-called refugee return situation is currently filled with 35.2 billion euros.

In recent months had lowered the Federal government and the economic research institutes forecast economic growth. Thus, the tax revenue is expected to decrease noticeably. Per year, these lower revenues would tear a hole of around five billion euros in the budget, is it now in the newspaper report.

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