Berlin .- German Finance Minister Wolfgang Schäuble today presented in Parliament the draft state budget 2017, which among other things raises less tax for taxpayers.
the plan Schäuble, a member of the party Christian Democratic Union (CDU) presided Angela Merkel, implement tax cuts from 2017 and the state budget will continue the policy of zero conclusion of new debt to finance it.
the German exchequer is raising more money than ever because in Germany employment levels have risen in unprecedented way, so that public spending can be financed with tax revenues.
in Germany, with a population of 81 million people, half are unemployed. Much of this work involved the benefits of the social network. The unemployment rate is only 6.1 percent, or two million 684 thousand unemployed.
Schäuble declared that the policy of zero new debt agreement shall apply until 2020. The objective of this policy is to reduce the public debt cumulative Germany and pay down debt
However, he said that in Germany contradictory times live. on the one hand, the country is economically better than ever but at the same time many people have fears about terrorism and wave of refugees.
the German government, he said, must prove he can overcome the crisis of refugees and keep the problems arising from this under control.
He added that in an environment of fears and insecurity, government fiscal policy reflects reliability and ability to design the future.
Surety Minister stressed that the current framework conditions for the German economy are positive. The number of employed people is increasing while the number of unemployed decreased. Germany recorded since 2010 healthy economic growth, he said.
The tax cuts next year will be “light”, a volume of two billion euros. They basically be adjustments to the amount of tax-free income and that applies to families with children.
The Ministry of Finance will reset those taxes next year based on the National Report on the Minimum Subsistence.
After 2017, the German economy as a whole will have a margin of annual share of 15 billion euros, which will be used to lower the income tax of small and medium taxpayers.
invest more in the social sector, education and research, the ministry said.
this public investment in the sector of roads and transport, digital infrastructure will be added, national security and defense. The 2017 will be the fourth public budget in balance for four consecutive years.
The Social Democratic Party (SPD), which is also part of the coalition government, reacted with reservations to announcements made this day by the Finance Minister in Parliament.
the expert of the SPD in public budget, Carsten Schneider, said that a tax cut for the taxpayer must be very specific because who earn so little that does not pay taxes will not benefit of decreases in them.
he suggested that for that reason should reduce the contributions that citizens pay to the social network.
the Green Party, in opposition, spoke for more public investment in infrastructure in the country, while the Left party called for more taxes on the rich.
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