Economic Council

The economic council for the public sector in Germany is a coordination instrument under the Stability Act (StabG).

composition

According to § 18 StabG, the business council, which is to be formed by the federal government , has the following members:

• The Federal Minister for Economic Affairs and Energy (Chairman)
• The Federal Minister of Finance
• One representative from each state
• Four community and community association representatives
• Possibly an advisory member of the Deutsche Bundesbank

tasks

The tasks of the Economic Council are also regulated in the Stability Act and include both an advisory function and a coordination function. The economic council should therefore be heard if certain measures of the Stability Act are to be taken. In addition, it should regularly advise and coordinate the measures necessary to meet and achieve economic stability, as defined in Section 1 of the StabG, as well as advise on the possibilities of covering the state's loan requirements. For the latter point, a special committee for credit issues will also be formed.

The economic council therefore serves to coordinate the economic policy measures of the federal government and should thereby enable better and more efficient economic policy .