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Berlin maintains consolidation with a new balanced budget for 2018

The German government maintains the line of fiscal consolidation it has followed in recent years with the budget plans for 2018, which do not include deficits, and which were approved today By the Council of Ministers aware that they will be able to be modified after the elections of September.

Berlin, June 28 (EFE) .- The German government maintains the line of fiscal consolidation it has followed in recent years with the budget plans for 2018, which do not include deficits, and Which were approved today by the Council of Ministers, which can be modified after the September elections.

This is the fourth budget without deficit presented in the Four years of the Great Government coalition between the Christian Democratic Union (CDU) of Chancellor Angela Merkel and the Social Democratic Party (SPD).

For the next term, As explained at a press conference by Finance Minister Wolfgang Schäuble, there will be a fiscal relief margin of around 15,000 million euros, to be managed by the Government that "

" Today's approval is a test of four years of good management. The budget situation is good, we did not have a deficit in any of the four Years and we increase investments with future prospects, education and security, "the minister stressed when presenting the accounts.

The program approved today will not be taken to Parliament, since after the general elections in September there may be a new government coalition, but it can serve as a basis for the project presented by the next Executive.

The next government will be able to review this project in accordance with its own priorities. "

Schäuble is in favor of using the fiscal relief margin for Start the gradual dismantling of the so-called Solidarity Supplement - a tax initially created to finance the reconstruction of eastern Germany - and to reduce taxes on Taxpayers with average incomes.

Expenditure, according to the project approved today, will increase in 2018 by 2.6 percent to reach 337.5 billion euros. On behalf of the Ministry of Labor and Social Affairs, with 173.8 billion, representing 51 percent of the total budget.

Under the medium-term financial plan, Possible to maintain balanced budgets at least until 2021 provided that, as Schäuble pointed out, the next Government is willing to do so.

"We have not tried to get Agreement on priorities for the next legislature, we do not want to anticipate the decision of the electors, "the minister said.

Under the medium-term plan, spending will continue to rise - 3.2 percent in 2019, 0.3 percent in 2020 and 2.1 percent in 2012 - to reach 358.8 billion euros in the last year.

A reserve of € 18.7 billion has been generated for expenditure on the arrival of refugees to be exhausted in 2019.

According to the project for 2018, investments in Transport infrastructures will increase by 1,400 million euros. Million.

"I would like to remind you that in 2009, when I took office, the education and science budget was 10 billion," Schäuble said.

Investments in digital infrastructure and new technologies, as well as in Defense budgets, with 1.6 billion more, to reach 38.5 billion euros; Will increase by 11.5 percent to 9.2 billion euros.

Another ministry that is clearly favored is Cooperation and Development, which has seen an increase From 35 percent in the last four years - to reach € 8.7 billion - and that Schäuble related to the Berlin decision to combat irregular Schäuble referred to critics who point out that the fiscal successes in Germany are due to reasons that the government has not influenced, such as low interest rates or Low oil prices, pointing out that these factors have been around the world.

"Low interest has been around the world, and yet not all governments have a policy Fiscal as successful as ours, "he said.

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