Berlin (dpa) - Because of the corona crisis, the federal government plans to record debts of around 218 billion euros this year. The Bundestag plans to adopt the supplementary budget this Thursday to finance the stimulus package.
The money is used to pay for aid to the economy and local authorities, but also to provide relief for consumers and especially families.
The budget committee of the Bundestag made some changes to the supplementary budget on Wednesday evening. The bottom line after the committee discussions is a planned new debt of 217.8 billion euros. No federal government has ever taken out so many loans in one year. However, there are around 750 million euros less debt than planned by Scholz. The reason is a transfer of funds for the expansion of all-day care in primary schools from a special fund to the regular household.
To finance the aid and economic stimulus programs in the Corona crisis, Scholz had to change his budget twice this year - and thereby gave up the black zero. To enable new loans, the Bundestag suspended the debt brake in the Basic Law. The second supplementary budget is primarily intended to pay bridging aids for small and medium-sized companies, aids for municipalities and relief for consumers and families - including the temporary reduction in VAT and the family bonus of EUR 300 per child.
Housekeepers in the Bundestag now want to spend more money on construction sites on federal highways and motorways (plus 680 million euros). Professional sports clubs affected by the Corona crisis are to receive 200 million euros as bridging aids - but not the men's soccer clubs of the 1st and 2nd Bundesliga, but basketball players, handball players or ice hockey clubs.
The householders planned an additional 100 million euros for facilities for the disabled, 170 million for coaches shut down due to the crisis and another 100 million for non-profit organizations for child and youth welfare. To this end, spending on the stimulus package will be cut slightly in several places.
Union housekeeper Eckhardt Rehberg emphasized that the record debt is essential given the severity of the economic downturn. There is no saving against tax losses and additional expenses to save jobs and companies. "There is no potential for cuts to this extent in the federal budget, any saving would be economically devastating," he explained. In the coming years, however, the federal government would have to find its way back to balanced budgets.
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