Germany's government debt, including the financial obligations of the federal government, national governments and municipal bodies, was at the end of the first quarter of this year 2.042 billion euro - said on Monday the Federal Statistical Office (Destatis) in Wiesbaden
According to him it is about 42.3 billion euro or 2.1 percent more than a year earlier.
Debts of the federal government and its external budgets (including funds to stabilize financial markets and the funding of depreciation) increased during this period of 12.5 billion euro to 1 286.2 billion - an increase of 1 percent. Financial obligations of the Länder, also taking into account their external budgets, amounted at the end of the first quarter of this year 622.7 billion – about 23.8 billion (4 percent) more than on 31st March 2011.
French Finance Minister Pierre Moscovici said on Monday that the government of Prime Minister Jean-Marc Ayrault estimated that they needed 7-10 billion euro to reduce the budget deficit to 4.5 percent. GDP by the end of the year
Giving an interview TV channel ITEL Moscovici explained that the calculations are estimate, and the ministry "is waiting for official data." The Minister referred to the results of the audit, which he has commissioned to examine in depth the state of public finances - the agency EFE said.
Moscovici said on Monday in an interview that Paris will not achieve fiscal targets for 2012 without saving up these sums, but it will not mean painful budget cuts.
Are you interested in expanding your business to Poland? Do you want to know more about the Polish market and its opportunities? Then this webinar is for you!
During our webinar, we will explore the ins and outs of doing business in Poland, including the economic climate in Poland. We will also discuss key factors like taxes, regulatory framework and investment incentives. Whether you are a small business owner or a multinational corporation, this webinar will provide valuable insights into how to succeed in the Polish market. Join us and discover the potential of doing business in Poland!
EU Carbon Border Adjustment Mechanism: Preparing for the new regulation - The implementation of the European Union’s (EU) Carbon Border Adjustment Mechanism (CBAM) on 1 October 2023 is expected to reshape global trade at large. It is imperative that businesses understand and prepare for the changes that the mechanism will bring about.
Join us for a webcast on 14 February 2023 as KPMG professionals provide insights into the inner workings of CBAM, explore the effect that these measures have on organizations situated both within and outside the EU, and delve into why decarbonisation of production, whether that production is expected to be a key source of competitive advantage for selling into the EU market.
01.12.2022 - During the webinar, Rödl & Partner experts will discuss the latest legislative changes in this area of renewable electricity producers and explain the risks and opportunities associated with RES in the new legal reality.
We have recently seen a series of unprecedented interventions in the electricity market that are changing the situation of renewable electricity producers. On the one hand, both the European Commission and the government intend to impose additional financial burdens on producers, thus limiting their profits from energy sales. On the other hand, we are increasingly aware that renewable energy sources are the foundation of energy independence and security, and we can see changes on the horizon that may facilitate the development of renewable energy in Poland.
23.11.2022 Training - During our webinar, experts from Rödl & Partner Poland will present current opportunities, conditions and possible benefits for investors in Poland. We will point out important topics for investors: tax reliefs, funds & SEZ - why it is worth to invest in Poland. From a tax perspective, we will tell about : VAT, corporate income tax (CIT). We will also touch upon the legal aspects of investments: from possibilities avenues and forms to reporting obligations.czytaj więcej
27.10.2022 Training - Global supply chains have been disrupted by factors such as covid restrictions and covid-related lockdowns, geopolitical tensions and staff shortages. We all know the problems, but where can we find solutions?czytaj więcej