Package of measures "Securing employment through strengthening growth"
The package of measures "Securing jobs by boosting growth" , also known as the economic stimulus package I , was passed on November 5, 2008 by the German cabinet in Berlin. The aim of the package of measures is stated: "In view of the global economic slowdown as a result of the serious crisis in the global financial markets , the Federal Government sees it as a priority task to continue to secure growth and employment ."
It essentially contains the following measures:
- Area-wide expansion of the special program for older and low-skilled workers and employees ( WeGebAU ) in order to in-service training to prevent layoffs.
- Improvement of the placement of employees who are in the termination phase ( job-to-job placement) through 1000 additional placement positions in the employment agencies .
- Extension of the duration of short-time work allowance from 12 months to 18 months, limited to one year.
- An additional financing instrument with a volume of up to 15 billion euros is being created at KfW Bankengruppe .
- Introduction of accelerated depreciation for movable assets of the fixed assets in the amount of 25% for a limited time on 1 January 2009 for two years.
- In addition, the possibility of special depreciation for small and medium-sized enterprises (SMEs) will be introduced for a limited period of two years .
- Increase in KfW funds for the CO 2 - Building Rehabilitation Program and other measures by a total of three billion euros.
- For a limited period increase in the infrastructure programs of KfW for structurally weak municipalities around three billion euros with particularly favorable landscaped interest rates.
- Accelerated implementation of urgent transport investments - additional volume of 500 to 1000 million euros.
- Increase in financial resources for the joint task "Improvement of the regional economic structure" .
- Doubling of the tax reduction for income tax for the deductibility of household- related craftsmen's services from 600 to 1200 euros annually from January 1, 2009.
- Vehicle tax exemption of one year for all new vehicle purchases and extension of the maximum vehicle tax exemption to two years for vehicles that meet the Euro 5 or Euro 6 standard .
- Reinforcement of the previous measures of KfW in the field of innovation promotion and implementation while at the same time increasing its range of equity capital so that young, innovative companies can find follow-up financing more easily .
The press release by BMWi and BMF states that the financial volume and the financial volume triggered by the package as expected by the Federal Government: "The Federal Government's measures in 2009 and 2010 will promote investments and orders from companies, private households and municipalities in the order of magnitude of approx. 50 billion euros. In addition, measures to secure financing and liquidity for companies ensure the financing of investments amounting to a good 20 billion euros. Together with the measures decided by the cabinet on October 7, 2008, a total of around 32 billion euros will be made available from the general public budget in 2009 and 2010 alone. "
The package of measures was adopted on November 13, 2008 by the CDU / CSU and SPD parliamentary groups and introduced as a draft law to the German Bundestag . On December 4, 2008, the Bundestag passed the economic stimulus package in its third reading and on the following day it was passed by the Bundesrat .
See also
Web links
- Federal Ministry of Economics and Technology on the economic stimulus package I.
- Video on the economic stimulus package II in sign language (source: Federal Ministry of Finance)
- BMWi - press release with link to PDF file
- IG Metall Baden-Württemberg - Information from IG Metall on job security
- Wording of the package of measures
Individual evidence
- ↑ Economic stimulus package - SPD and Union grudgingly agree. In: welt.de , November 13, 2008, accessed April 7, 2020.
