MIL OSI Translation. Region: Germany / Deutschland –
Source: CDU CSU
The federal government must now clarify new debt in 2021
The “Tax Estimates” working group today presented its latest forecast of federal, state, municipal and EU tax revenues up to 2025. Eckhardt Rehberg, budgetary spokesman for the CDU / CSU parliamentary group, explains:
“The federal budget situation remains tense. Slight additional income does not change the overall picture. The federal government can only cope with the corona-related tax shortfalls and additional expenditure through extraordinary new debts. We in the Bundestag are just finishing our deliberations on the 2021 budget. The federal government must now finally disclose which new expenditures it plans in the 2021 budget compared to the government draft. We now need clarity about the amount by which the federal government wants to increase the new debt compared to the government draft.
For 2022 and the following years, the tax estimate hardly provides any relief for the federal budget. Compliance with the debt brake from 2022 remains a major challenge. Federal Finance Minister Scholz must submit a concept as soon as possible on how he wants to ensure compliance with the debt brake.
The tax estimate shows again: The tax revenues of the states and municipalities are developing significantly more favorably than that of the federal government. The federal government will only reach pre-crisis levels two years later than the states and municipalities. According to figures from the Federal Statistical Office, the total income of the federal states in the first half of 2020 was even higher than in the same period of the previous year. Against this background, further relief for the federal states and municipalities cannot be justified. “
EDITOR’S NOTE: This article is a translation. Apologies should the grammar and / or sentence structure not be perfect.