Arab Today, arab today refugee influx threatens germanys balanced budget
Last Updated : GMT 05:42:00
Arab Today, arab today
Arab Today, arab today

Finance Minister Wolfgang Schaeuble:

Refugee influx threatens Germany's balanced budget

Arab Today, arab today

Arab Today, arab today Refugee influx threatens Germany's balanced budget

Refugees wait for a police check in a tent near the central train station in Passau
Berlin - Arab Today

German Finance Minister Wolfgang Schaeuble conceded Tuesday that Berlin could miss its goal of achieving a balanced budget next year because of the record migrant influx.
"We want to achieve this without taking on new debt, if possible," said Schaueble.
"They've asked me why I say 'if possible'. But the truth is: I don't know," he told a Berlin congress of machine-tool manufacturers.
Last year -- for the first time since 1969, and a year ahead of plans -- Germany managed to balance its budget, meaning the state did not take on any new debt.
The government under Chancellor Angela Merkel hopes that this will become the norm.
But the unanticipated costs of taking in up to one million asylum-seekers expected this year is going to place an additional burden on the public purse.

The massive influx constituted "a bigger challenge than a lot of things we've had to face in the past 65 years," Schaeuble said, adding that the costs posed "an incredibly large risk potential" for public finances.
Nevertheless, the minister insisted that "we can and will" cope with the challenge.
The government has promised billions of euros in aid to the regional and municipal authorities housing the migrants.
The federal government will pay a flat-rate sum for each asylum-seeker "to put an end to all this wailing" from the local authorities, Schaeuble said.
Germany's hardline stance on budgetary rigour has been criticised by economists and many of the country's eurozone partners, who accuse Berlin of not investing enough.
Germany's KfW Development Bank, meanwhile, said it would boost by one billion euros a special programme to help communities finance refugee shelters with interest-free loans.

An initial 300 million euros set aside in early September had been "exhausted after a few days", as had an additional 200 million euros less than three weeks later, the bank said.
With cold winter temperatures fast approaching, the demand of cities and towns for the loans for refugee housing was "still high", said the KfW.
The Frankfurt-based bank estimated its loans would help create accommodation for up to 100,000 refugees.
Die Welt daily said Tuesday that 42,000 refugees were living in tents or tent-structures across Germany, according to a survey by the newspaper.


Source: AFP

arabstoday
arabstoday

GMT 17:50 2017 Wednesday ,18 October

UK Brexit budget offer is 'peanuts'

GMT 07:18 2017 Monday ,09 October

takes eurozone farewell bow

GMT 15:08 2017 Sunday ,08 October

Deutsche Bank plots more moderate

GMT 16:07 2017 Saturday ,07 October

Saudi companies invest in liquefied gas

GMT 21:52 2017 Tuesday ,03 October

Saudi , Russia to set up $1bn energy fund

GMT 06:39 2017 Tuesday ,03 October

Equifax warned about vulnerability, didn't patch it

GMT 03:39 2017 Saturday ,30 September

Al Jawaheri economic improvement

GMT 04:54 2017 Tuesday ,26 September

OPEC to discuss extending cuts, quotas
Arab Today, arab today
Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today refugee influx threatens germanys balanced budget Arab Today, arab today refugee influx threatens germanys balanced budget

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today refugee influx threatens germanys balanced budget Arab Today, arab today refugee influx threatens germanys balanced budget

 



Arab Today, arab today
Arab Today, arab today Designer Aql Faqih aspires to innovation

GMT 18:41 2017 Friday ,20 October

Designer Aql Faqih aspires to innovation
Arab Today, arab today Barcelona through George Orwell’s eyes

GMT 13:44 2017 Friday ,20 October

Barcelona through George Orwell’s eyes
Arab Today, arab today Etiquette expert underlines importance of gifts

GMT 17:52 2017 Sunday ,03 September

Etiquette expert underlines importance of gifts
Arab Today, arab today 35 Egyptian police, troops die in clashes

GMT 04:36 2017 Saturday ,21 October

35 Egyptian police, troops die in clashes
Arab Today, arab today Hiring not part of Alibaba pledge

GMT 11:26 2017 Wednesday ,18 October

Hiring not part of Alibaba pledge
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today World's deepest lake in peril

GMT 15:54 2017 Friday ,20 October

World's deepest lake in peril
Arab Today, arab today Ex-French minister Dati wants tough action

GMT 10:54 2017 Thursday ,19 October

Ex-French minister Dati wants tough action
Arab Today, arab today Delhi braces for pollution 'airpocalypse'

GMT 16:07 2017 Friday ,20 October

Delhi braces for pollution 'airpocalypse'
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today Sweden to get biggest car factory

GMT 14:10 2017 Friday ,20 October

Sweden to get biggest car factory
Arab Today, arab today Mercedes says recalls 400,000 UK cars

GMT 06:56 2017 Tuesday ,17 October

Mercedes says recalls 400,000 UK cars
Arab Today, arab today Actress Shery Adel happy for Egypt’s qualification

GMT 08:57 2017 Wednesday ,18 October

Actress Shery Adel happy for Egypt’s qualification
Arab Today, arab today Massacre fears spark race

GMT 19:09 2017 Thursday ,19 October

Massacre fears spark race

GMT 07:47 2017 Tuesday ,17 October

Hussein Fahmy happy for honoring in festival

GMT 18:15 2017 Monday ,16 October

British actress becomes fifth woman

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam

GMT 16:00 2017 Wednesday ,18 October

Climate-disrupting volcanoes helped topple

GMT 10:46 2017 Saturday ,05 August

Nanis reveals simple ideas for home renovation

GMT 06:43 2017 Wednesday ,18 October

Fake dentists ply brisk trade

GMT 06:49 2017 Tuesday ,17 October

EasyJet, Lufthansa among seven to bid

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 20:46 2017 Thursday ,19 October

Qualcomm files lawsuits in China to ban iPhones

GMT 16:53 2017 Saturday ,02 September

Mai importance of gifts during Eid Al-Adha
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday