City
Epaper

German Finance Minister vows further relief amid high energy prices

By IANS | Updated: March 24, 2022 10:35 IST

Berlin, March 24 German Finance Minister Christian Lindner said that citizens would be further relieved of high energy ...

Open in App

Berlin, March 24 German Finance Minister Christian Lindner said that citizens would be further relieved of high energy prices in the country.

"As a coalition, we agree further relief will come," he said on Wednesday while presenting this year's federal budget in the German Bundestag, the lower house of Parliament.

Due to the consequences of the Covid-19 pandemic and the Russia-Ukraine conflict, "the economic development in our country is characterised by great uncertainty", Lindner said, adding that an appropriate response from government fiscal policy is all the more important.

The new measures are aimed to strengthen economic growth and counter inflation risks, according to the Finance Minister.

In view of high energy prices, the measures would also include "urgently needed relief", he said, adding that the government would work on a package of measures to help citizens quickly.

Last week, the government had already adopted several measures including a rise of the basic tax-free allowance and increased mileage allowances for commuters with longer journeys.

The comprehensive set of relief measures amounted to more than 15 billion euros ($16 billion).

Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor

Tags: parliamentChristian lindnerParliament `riksdag
Open in App

Related Stories

NationalDelhi Bomb Threat: Nine Schools on High Alert as Email Claims Explosions, Parliament Mentioned

NationalPM Modi Skips Lok Sabha Amid Ex-Army Chief’s Unpublished Memoir Row; BJP, Opposition Lock Horns

National'Have a sweet': Rahul Gandhi Offers Toffee to Priyanka Gandhi Vadra As She Speaks About Parliament Showdown (Watch Video)

NationalWhich Book Was Rahul Gandhi Referring to in Parliament, and What Does the Book Say?

NationalWinter Session 2025: Parliament Adjourns Sine Die - Know 8 Key Bills Passed During The 19 Sessions

Politics Realted Stories

PoliticsDenying TVK opportunity to prove majority in Tamil Nadu assembly is wrong: DK Shivakumar

PoliticsOver 16,800 candidates file papers on first day of nominations for panchayat polls in Himachal

PoliticsCongress does not have any strategy, did not learn lessons from losses: BJP leader hails party's victory in Assam

PoliticsGovernor duty-bound to rise above political ideology, majority should be tested on Assembly floor: Congress leader slams Tamil Nadu stalemate

PoliticsMandate at stake: Governor Arlekar cites 'unestablished majority' as TVK-Congress falls 5 seats short; Congress slams BJP 'interference'