Bundestag adopts second supplementary budget

Ministry of Finance, about dts
Ministry of Finance, about dts
On Thursday, the Bundestag launched the second supplementary budget to deal with the corona crisis.

A corresponding bill by Federal Finance Minister Olaf Scholz (SPD) was adopted in the morning with the votes of the coalition groups. The new measures include more than 60 billion euros for 2020. A first supplementary budget of around 156 billion euros had already been approved in March.

New borrowing to finance several Corona aid packages for the current year thus amounts to a total of around EUR 217,8 billion - due to rebookings a little less than the original government bill. Among other things, the new debt is intended to finance measures of the federal government's stimulus package. Reduced tax revenues triggered by the corona pandemic are also priced in the supplementary budget. The Bundestag had already decided on the fiscal measures of the stimulus package in a special session on Monday.

Further accompanying measures to implement the package followed on Thursday.