(de-news.net) – Federal Finance Minister Jörg Kukies (SPD) foresees the availability of additional financial resources despite the interim budget management. He indicated that starting in January, more than the anticipated one-twelfth of the annual budget might be accessible on a monthly basis. Kukies underscored that the formation of a new government following the February elections would inevitably delay the establishment of a new budget.
Kukies did not clarify whether the interim budget would be based on the 2024 budget or the projected 2025 budget. He emphasized that the principles of interim budget management would be delineated in a circular, as required by the Basic Law and the Federal Budget Code.
In the long term, Kukies opposed tax increases, contending that they would convey an adverse signal to the economy, which is currently grappling with growth challenges. He advocated for positive measures to stimulate investment, particularly those discussed in the recent tax development legislation.
Regarding the debt brake, Kukies lauded its efficacy in maintaining fiscal discipline during prosperous periods, thereby enabling responsive measures during crises. However, he suggested that it might be prudent to consider updating the debt brake to align with current economic conditions.
Kukies articulated his confidence in Chancellor Olaf Scholz’s prospects for re-election under the banner of the SPD, reminiscing about how Scholz had successfully reversed his fortunes in the previous election, despite initial skepticism regarding his chances.