Germany – coalition agrees on billion-Economic stimulus package with 130 billion euros to get the German government to the country out of the crisis. The tips of the large coalition agreed.0 comment for voice of a good result and a courageous answer: German Chancellor Angela Merkel.KEYSTONE,”We want to come up with the punch out of the crisis”: the Vice-Chancellor Olaf Scholz.KEYSTONEDie German government wants to get the country with a 130-billion-Euro stimulus package for 2020 and 2021 from the most severe recession of the post-war period. KEYSTONE1 / 3
The German government wants to get the country with a 130-billion-Euro stimulus package for 2020 and 2021 from the most severe recession of the post-war period. 120 billion euros of which are attributable to the Federal government, such as Chancellor Angela Merkel said on Wednesday evening.
The stimulus package includes a reduction in VAT, aid to municipalities, subsidies for families, and higher purchase premium for electric cars. On this compromise, the coalition partners agreed, after a tough struggle.
According to the short-term assistance in the Corona-crisis – for example, through special credit programs through the state Bank KfW – rich, this economic aid is now far beyond the current parliamentary term and beyond.
inclusion of new debts
60 to 70 suggestions were to start on the table. Decided on a total package should be. It was clear that not all requests would be financially viable, especially as the drop in tax revenue due to the Corona-crisis. To cover expenses, the Federal government must take new debt.
After you negotiated already on Tuesday, nine hours, sat together in the tips of the CDU, CSU and SPD on Wednesday again around twelve hours. The coalition went back several times to separate consultations.
Merkel spoke of a good result. It was important to get the most severe economic crisis in the handle. This is reflected in the more than seven million short-time workers. All need a bold answer. Vice-Chancellor Olaf Scholz summed it up with the words: “We want to come up with the punch out of the crisis.”
The core points of the agreement:
is A Central point of the package according to the CSU-Chairman Markus Söder, a reduction in VAT. 1. July to 31. December 2020, the value added tax rate from 19 percent to 16 percent and the reduced rate of 7 percent should be lowered to 5 percent.
the cost of electricity, the citizens are to be relieved. The EEG should be lowered to the levy for the promotion of green electricity plants starting in 2021 through grants from the Federal budget, as the decision paper is clear.
families get money from the state. The peaks of Union and SPD agreed on a children’s bonus one-time payment of 300 Euro per child to be paid with the child benefit.
money for the municipalities of
The financially hard-hit communities billions in aid from the Federal government to get also. Thus, failures should be in the trade tax revenue of the Federation and the länder together in balance.
The big coalition decided, however, against a purchase premium for low-emission petrol and diesel cars. The peaks of Union and SPD decided, however, significantly higher premiums for electric cars.
The Deutsche Bahn to get from the Federal government due to Revenue shortfalls in the Corona-crisis, billions in financial aid. Accordingly, the Confederation of the German railway wants to put additional capital in the amount of EUR 5 billion available. Are also planned aid of EUR 2.5 billion for the Public transport.
“Bridging loans planned
The coalition pointed also agreed on an additional support in the billions for the industries that are charged by the Corona-crisis. Are planned “Bridging loans” in the amount of up to 25 billion Euro, as a decision by the paper shows.
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