The Bundestag Passed a Gigantic Supplementary Budget, Which Was Supported Almost Unanimously – 156 Billion Euros in New Debt and Guarantees of 600 Billion Euros

The debt brake was suspended in a separate vote in order to ensure the aids.

469 MPs voted in favor.

There were 3 votes against and 55 abstentions.

 

The total volume of the measures is 122.5 billion euros.

50 billion euros are planned for direct grants for small companies and stand-alone self-employed.

At the same time, the Federal Government expects the economic consequences of the Corona crisis to lower the tax-take by 33.5 billion euros.

The Parliament also decided on a rescue fund for ailing large-scale enterprises worth 600 billion euros.

This includes that the State can acquire participations in companies, if necessary. Potential State holdings should be privatized again when the crisis is over.

 

DE https://www.bundestag.de/#url=L2Rva3VtZW50ZS90ZXh0YXJjaGl2LzIwMjAva3cxMy1kZS1jb3JvbmEtc2NodWxkZW5icmVtc2UtNjg4OTU2&mod=mod493054 https://www.tagesschau.de/inland/bundestag-corona-hilfspaket-nachtragshaushalt-101.html