Abstract
Abstract In recent years, Germany has defused numerous political conflicts through additional financial leeway. Alongside declining interest expenses, high employment, low unemployment and strong corporate profits have led to increased tax revenues and reduced social expenditures. Special funds, reserves and changed accounting practices were used during the crisis years to create buffers. However, there is now a significant structural budget shortfall. The federal government permanently transferred tax revenues to states and municipalities while expenses continue to rise. Addressing these imbalances requires more than short-term solutions; new exemptions or exceptional measures are not the answer.
Sign-in/Register to access full text options 
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callDisclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
