Household thriller: Germany's financial plan relies on growth and relief!

Household thriller: Germany's financial plan relies on growth and relief!

The political landscape in Europe shows significant movement: The Italian government, under Prime Minister Giorgia Meloni, has won a decisive vote on its budget draft. With 211 votes for and 117 against, such as OE24.at moved. The draft, which comprises measures of 30 billion euros, is intended to support families with children in particular and create incentives for the employment of young people and women in southern Italy. Investments in defense and the automotive industry are also planned.

budget ambitions of Germany

At the same time, the German Federal Government under Federal Finance Minister Christian Lindner explains its ambitious plans for the Federal Budget 2024. As Federal Government.de acts, but a "design budget". The investment rate should increase to 12.3 percent, with a focus on infrastructure and digital networks. There are also considerable funds in education: 20 billion euros are to be used to improve schools after the results of the PISA study have shown alarming deficits.

Taxpayers in Germany are also relieved. By adjusting the allowances and tax tariffs, 48 ​​million people benefit from a reduction in wage and income tax by a total of 15 billion euros- a step that Lindner considers to ensure purchasing power in view of inflation. The support of the manufacturing trade is also part of the plan, whereby a reduction in electricity tax and tax incentives for environmentally friendly investments should strengthen the competitiveness of the German economy. The decision of the German Bundestag to adopt the upcoming regulations remains crucial for the economic future of Germany and Europe.