Two of the Chamber’s budgetary and finance commissions convened on Monday to evaluate the state finances from August this year. Minister of Finance Yuriko Backes explained that the state will be able to carry the measures decided at the recent tripartite meeting.
Read also: Unprecedented deal presented after three days of negotiationThe politician from the Democratic Party (DP) further noted that thanks to the stable base, the budget for next year is currently being raised. Although repercussions from inflation, the energy crisis, and the war in Ukraine are impacting the state finances, the measures decided by the administration have created room to manoeuvre.
The unitary state therefore currently shows a surplus of €969 million, which is expected to shrink due to the tripartite measures.
The Chamber commissions also debated a recent proposal from the Christian Social People’s Party (CSV) to introduce tax reliefs for sustainable PME investments.
