Saturday, December 11th, 2021
60 billion to repark
Medium-sized company for Lindner’s household “booster”
Due to the pandemic, debts of 240 billion euros may be incurred this year as an exception. With his supplementary budget, the new Federal Finance Minister Lindner wants to make the most of this. The medium-sized entrepreneurs justify their support for this.
The Federal Association of Medium-Sized Enterprises (BVMW) supports the plans of the Federal Ministry of Finance, according to which 60 billion euros in unspent corona aid could flow into the new transformation fund in the supplementary budget. “If corona aid that has not been used is used to finance a supplementary budget, this will find our support,” said BVMW federal manager Markus Jerger to the newspapers of the Funke media group. “This state fund, which facilitates business investments in the future of Germany as a business location, should have a volume of at least 40 billion euros per year for the next ten years,” said Jerger.
The coming decade will lead to the most profound structural change in the German economy since reunification, said the head of the employers’ association. To cope with this, intelligent interaction between the state and companies is required. “The transformation fund provides companies with crucial support and is therefore simply a necessity,” said Jerger.
The new federal government made up of the SPD, the Greens and the FDP wants to use the unused loans of 60 billion euros to create a billion-dollar cushion for future investments. Lindner announced that a supplementary budget would transfer the unused credit authorizations in this amount to the previous energy and climate fund. “The second supplementary budget is a booster for the economy,” said Lindner in Berlin. The new debt of up to 240 billion euros approved by the Bundestag for 2021 will not be exceeded. “So there will be no additional debt.” The cabinet is expected to launch the supplementary budget on Monday. The Bundestag passed the first supplementary budget in April.
In the “Handelsblatt”, Court of Auditors Kay Scheller had raised constitutional concerns about the procedure.