Anonymous ID: 16d557 Nov. 26, 2023, 6:23 p.m. No.19982918   🗄️.is 🔗kun   >>3021

>>19982857

Canada #49 >>19959793

 

German Priorities: Berlin Imposes a Spending Freeze Over Budget Crisis – AND ON THE SAME DAY, Releases a New 1.4B Military Aid Package to Ukraine

by Paul Serran Nov. 22, 2023

 

Chancellor Olaf Scholz and his liberal-green Globalists have just slapped the German people in the face.

 

When money gets tight, the real priorities of a country’s government become clear.

 

In Germany’s case, Scholz and his coalition are taking money from the budget with one hand, and sending it to Ukraine with the other.

 

Germany’s finance ministry has imposed a ‘spending freeze’ on all federal ministries.

 

That escalates the budget crisis generated by a ruling by the country’s Constitutional Court that curtailed the ‘smart’ maneuver of using ‘Covid money’ to cover their climate alarmist policies.

 

That blew a €60 billion hole in the government’s spending capabilities.

 

Politico reported:

 

“The government is now bracing for the potential of far wider financial implications stemming from the ruling that may limit its ability to draw money from a variety of special funds that have been established to circumvent the country’s debt brake, which restricts the federal deficit to 0.35 percent of GDP, except in times of emergency.

 

In a letter to all ministries, State Secretary Werner Gatzer said the finance ministry is freezing spending “in order to avoid further upfront burdens on future financial years.” The step does not impact those financial commitments that have already been made, Kevin Kühnert, the secretary general of Chancellor Olaf Scholz’s Social Democratic Party (SPD), told public television on Monday.”

 

Lawmakers held a public hearing with legal experts on Tuesday morning to assess the impact.

 

“Although the €60 billion financial gap following last week’s court ruling theoretically stretches over several years, in practice the effect will be more immediate, Thiess Büttner, a professor from the University of Erlangen-Nuremberg, said in a to parliament ahead of Tuesday’s hearing. “There is a need for consolidation in the budget planning for the coming year of €52 billion,” he said.

 

More:

https://www.thegatewaypundit.com/2023/11/german-priorities-berlin-imposes-spending-freeze-budget-crisis/