Extra budget
In Germany, extra budgets or special funds of the federal and state governments are legally dependent, separate parts of the federal or state assets that are managed separately from the other assets. In most cases, they don't manage assets, they manage debts. According to the criteria of the European System of National Accounts (ESA) 1995, this debt is allocated to the general government . The creation of a special fund therefore has no influence on measures such as the deficit ratio .
The legal basis for the formation of special funds is Section 48 of the Act on the Principles of Budget Law of the Federation and the Länder ( Budgetary Principles Act ).
Federal special fund
The federal special funds include:
- Federal Railroad Assets (since January 1, 1994)
- German Inland Shipping Fund (since 1999)
- Compensation scheme for securities trading companies (since 1998)
- ERP special fund (since 1953)
- Financial Market Stabilization Special Fund (since 2008); he has his own credit authorization and can borrow up to 90 billion euros
- Investment and repayment fund (since 2009), a special fund to stimulate the economy, which was created in the course of the financial crisis from 2007 and which is allowed to raise up to 25 billion euros
- Childcare expansion special fund (2007–2015)
- Federal pension reserve (since 1982; VersRücklG Section 1)
- Pension fund of the Federal Employment Agency
- Federal pension fund (VersRücklG section 2)
- Provision for final payments for inflation-indexed federal securities (Final Payment Financing Act, since 2009)
- Energy and Climate Fund (since January 1, 2011)
- Restructuring Fund for Credit Institutions (since December 31, 2010)
Former special funds
The former federal special funds include:
- Deutsche Bundesbahn (until December 31, 1993, incorporated into the federal railway assets)
- Deutsche Bundespost (three sub-funds since 1989, transferred to the stock corporations Deutsche Post AG , Deutsche Postbank AG and Deutsche Telekom AG in 1994 )
- Deutsche Reichsbahn (until December 31, 1993, incorporated into the federal railway assets)
- Inherited Debt Redemption Fund (1995–2015); The old debts of the former GDR , the debts of the Treuhandanstalt and part of the old debts of the East German municipal housing industry were set in it
- Fund for German Unity (until 2004, liabilities integrated into the general federal budget)
Individual evidence
- ↑ Federal Statistical Office : Explanation of terms for the areas of finance, taxes, public service
- ↑ § 1 of the law on the merging and restructuring of the federal railways of December 27, 1993 ( Federal Law Gazette I p. 2378 ; Federal Law Gazette 1994 I p. 2439 )
- ↑ Law on the establishment of the German Inland Navigation Fund of June 26, 2002 ( Federal Law Gazette I p. 2266 )
- ↑ Section 6 of the Deposit Protection and Investor Compensation Act of July 16, 1998 ( Federal Law Gazette I, p. 1842 )
- ↑ established by the law on the administration of the ERP special assets of August 31, 1953 ( Federal Law Gazette I p. 1312 ); Legal basis since 2007: Law on the Administration of the ERP Special Fund of June 26, 2007
- ↑ Legal text
- ↑ a b § 2 of the law on the consolidation and restructuring of the federal railways of December 27, 1993 ( Federal Law Gazette I p. 2378 ; Federal Law Gazette 1994 I p. 2439 )
- ↑ § 2 of the law to convert the companies of the Deutsche Bundespost into the legal form of the stock corporation (PostUmwG)
- ↑ Law on the establishment of an inheritance repayment fund of June 23, 1993