German government faces massive budget shortfall; ministries ordered to cut spending by 1%
By
@zeit.de
Hand-rolled, kettle-boiled, baked to perfection. Worth every minute at the bakery.
Summary
Germany's federal government faces a budget shortfall of approximately 172 billion euros by 2029. Finance Minister Lars Klingbeil has instructed all ministries to cut one percent of their spending for the 2027 budget. Potential cuts include 300 million euros from parental allowance (Elterngeld), despite coalition agreements to increase it for the first time since 2007. Additional cuts are being considered for BAföG (student financial aid) and nursing care (Pflege). The article also discusses the fairness of these austerity plans and the dilemma facing the CDU in Saxony-Anhalt.
Key quotes
· 4 pulledDeutschland soll sparen.
Für den Bundeshaushalt 2027 hat Bundesfinanzminister Lars Klingbeil alle Ministerien aufgefordert, ein Prozent ihrer Ausgaben zu kürzen.
Weil bis 2029 rund 172 Milliarden Euro in der Bundeskasse fehlen, könnten weitere Einschnitte folgen.
So könnte beim Elterngeld um 300 Millionen Euro gekürzt werden – obwohl im Koalitionsvertrag eigentlich steht, dass es erstmals seit der Einführung 2007 erhöht
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