For this reason, the Federal Government has introduced measures such as an extension of the comprehensive coronavirus aid for companies and the self-employed and has approved a wide range of tax relief measures. This policy is still necessary so as ensure the economy swiftly returns to a path of fast and above all sustainable growth. Supportive fiscal policy has successfully helped stabilise the German economy over the last two years of the pandemic. The most important goal remains to focus specifically on counteracting the negative effects of the pandemic so as to enable a sustainable economic recovery. What are the priorities of the Federal Government? The fiscal situation at the beginning of the legislative period is challenging: the impact of the pandemic continues to weigh heavily on public budgets, so there is limited room for manoeuvre. It reflects key political priorities set out in the coalition agreement and focuses on investments for the future: climate protection, digitalisation, education and research as well as the infrastructure required. The 2022 federal budget provides for revenues and expenditures of 457.6 billion euros – almost 15 billion euros more than estimated in the first draft. How big will the federal budget be in 2022? But even under these circumstances, it was important for the government to secure stability, retain flexibility and strengthen growth, said Lindner. “We now have to assume that the federal budget will face additional expenditure,” he said. Russia’s attack on Ukraine “has once again fundamentally changed” the situation regarding budgetary policy in Germany, said Federal Finance Minister Christian Lindner at the presentation of the draft 2022 budget.
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