Schäuble proposes fewer taxes, more spending in 2017 budget

German finance minister Wolfgang Schäuble showed its support to lowering taxes for modest earners and some additional public spending, as the parliament debated the government's budget for 2017, which would also be the fourth consecutive balanced budget.

In addition to higher states spending on welfare, more money was set to be allocated to education and research, transportation, digital infrastructure, domestic security and defense.

EurActiv, 06.09.16: Schäuble teases massive tax cuts for late 2017 http://www.euractiv.com/section/elections/news/schauble-teases-massive-tax-cuts-for-late-2017/

ESO: Background information: Germany cuts public debt to €2.15 trillion in 2015 http://www.europeansources.info/record/germany-cuts-public-debt-to-e2-15-trillion-in-2015/

Politico, 07.09.16: Sigmar Gabriel slams Schäuble’s planned tax cuts http://www.politico.eu/article/sigmar-gabriel-wolfgang-schauble-budget-refugees-migration-europe/

Politico, 07.09.16: Wolfgang Schäuble goes soft on spending (not) http://www.politico.eu/article/wolfgang-schauble-goes-soft-on-spending-not-germany-eurozone/

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