Giuseppe Sandro Mela.
Con un rapporto debito / pil molto basso, la Germania non ha nulla da temere di un budget che un anno possa essere negativo.
Ha invece moltissimi motivi di scontentezza per il motivo che ha portato al deficit di bilancio: l’economia tedesca stagna, ed al ristagno economico consegue la riduzione del gettito fiscale. Quindi, a spese invariate, il deficit è obbligatorio.
Siamo stati in questo facili profeti.
«Germany has slashed its estimate of tax intake because of weaker growth»
«Revenue estimates for 2019 were cut to 793.7 billion euros ($892.28 billion) from 804.6 billion euros»
«From 2019 through to 2023, estimates for all state levels were for an intake 124.3 billion euros less than was forecast in November, a tax estimate document published by the finance ministry showed»
«Over the period 2019-2023, the federal government will have some 70.6 billion euros less than the previous projection called for»
«We already have an expansionary fiscal policy in place»
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Quando un sistema economico entra in crisi tutti gli economisti si affrettano a suggerire i rimedi che le loro teorie suggerirebbero.
Quasi tutti però concordano nell’affermare che lo stato dovrebbe spendere di più, per stimolare l’economia.
A nostro sommesso parere però, almeno al momento attuale, il metodo Trump di ridurre drasticamente le tasse potrebbe essere una soluzione da prendersi in considerazione, visto tra l’altro che sembrerebbe funzionare più che bene.
Reuters. 2019-05-09. Germany lowers tax revenues, budget shortfall of 10.5 billion euros
Germany has slashed its estimate of tax intake because of weaker growth, the finance ministry said on Thursday, leaving the government with limited room for additional fiscal measures to counter a slowdown in Europe’s largest economy.
Revenue estimates for 2019 were cut to 793.7 billion euros ($892.28 billion) from 804.6 billion euros. From 2019 through to 2023, estimates for all state levels were for an intake 124.3 billion euros less than was forecast in November, a tax estimate document published by the finance ministry showed.
Over the period 2019-2023, the federal government will have some 70.6 billion euros less than the previous projection called for, the figures showed.
The weaker growth outlook has partly been taken into account by Finance Minister Olaf Scholz in the draft budget plan he presented in March. It means that the budget faces a shortfall of 10.5 billion euros until 2023, the finance ministry said.
“The government will have to work hard to make up for the shortfall and everybody will view this as a joint effort,” Scholz told a news conference.
Scholz, a Social Democrat, said that the German economy was facing weaker growth but it was not heading towards a crisis and no additional fiscal stimulus was needed.
“We already have an expansionary fiscal policy in place. And we will stick to this,” Scholz said, adding that the government would continue to refrain from taking on new debt.
Scholz rejected calls from Economy Minister Peter Altmaier, a confidant of conservative Chancellor Angela Merkel, to lower taxes for companies. “I’m against a race to the bottom when it comes to corporate taxation globally,” Scholz said.
The minister added, however, that the government would stick to its plan to support corporate research and development with incentives worth 1.25 billion euros per year. The cabinet is expected to pass the draft law next week.
The Telegraph. 2019-05-25. German economic slowdown set to blow €100bn black hole in Berlin’s budget
Germany faces a budget shortfall of €100bn (£86bn) over the next four years as its economy slows, according to leaked government figures.
Economic growth has been much slower than forecast in recent months and tax revenues are expected to fall well short of projections.
That will leave Angela Merkel’s government with a gap of €11.1bn (£9.5bn) to fill in its budget for this year alone, according to leaked figures published by Bild newspaper.
The European Commission cut its growth forecast for the German economy to just 0.5pc on Tuesday, compared to earlier projections of 1.1pc.
[Testo riportato parzialmente causa Copyright]
ESM. 2019-05-24. Germany’s Scholz Eyes Higher Tobacco Tax To Plug Budget Gap: Sources
German finance minister Olaf Scholz is flirting with a higher tobacco tax to plug a multi-billion-euro gap in the federal budget and boost Berlin’s fiscal strength to counter the effects of a slowing world economy, government sources said.
Scholz made the proposal last week during a closed-door meeting with other senior members of Chancellor Angela Merkel’s coalition government, two people familiar with the talks told Reuters on condition of anonymity.
‘Not A Priority’
A finance ministry spokesman declined to comment, while a government spokeswoman said a higher tobacco tax was currently not a priority for the government.
In their coalition deal sealed last year, Merkel’s conservative CDU/CSU bloc and Scholz’s left-leaning SPD agreed to refrain from both taking on new debt and increasing taxes.
“The tobacco tax is not mentioned in the coalition agreement,” the government spokeswoman said. But she added that coalition parties would discuss a tax increase if the need to talk about it should arise.
Scholz wants to increase the tobacco tax gradually over a period of five years starting from 2020. The move could bring additional tax revenues of up to €4 billion from 2020-24, according to a report by Der Spiegel magazine.