Friday, January 27, 2017

The refugee crisis has cost more than 20 billion euros in the year – FAZ – Frankfurter Allgemeine Zeitung

German Finance Minister Wolfgang Schäuble

The Federal government has spent in the last year, according to its own information, to cope with the refugee crisis around 21.7 billion euros. After which on Friday published the monthly report from the Federal Ministry of Finance are scheduled for this year, to 21.3 billion euros in the Federal budget. The Grand coalition in 2016, not only to keep the “black Zero” in the budget, but a Surplus could make, mainly due to high tax revenues and low interest rates.

Alone to combat the reasons for Flight from the Federal government in the past year to around € 7.1 billion: Among other things, tripled in Germany, with € 1.4 billion of its funds for humanitarian aid in crisis regions. For the recording, registration and accommodation of asylum seekers, the Federal government spent 1.4 billion euros, for integration services, a further 2.1 billion euros. Social transfers from the Federal to the asylum procedure, beat with a further 1.7 billion euros. As an immediate relief, the Federal government introduced in addition, the Federal provinces, and municipalities EUR 9.3 billion.

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In the calculations of the Federal Ministry of Finance, the positive economic effects are contributions by the influx of spending by the Federal government as additional construction investment is not broken down. Thus, the economic chief of the German Institute for economic research (DIW), Ferdinand Fichtner said: “It can be described as a huge economic stimulus program.” A very large part of the money was further invested in the economy, such as on the issues of refugees for food and other, later-payment of rent or because of the construction-investment: “This would apply to over 90 percent of Federal spending.”

In the year 2015 were around 890,000 thousand asylum-seekers to Germany, to 2016 according to the current state only 280,000 people. “The high entry numbers were limited to the year 2015″, – stated in the monthly report of the Ministry.

Despite the special burden of the refugee crisis in the Federal 2016 could, for the third year in a row on new debt. The bottom line is even a budget surplus of 6.2 billion euros. A share of the good tax revenues: approximately 289 billion euros, the Federal government took in the past year, about 2.6 percent more tax than in the previous year. In the case of the German länder, the increase was even 7.7 per cent on 288,6 billion euros. In addition, the Federal government in 2016, had to pay only 17,5 billion euros in interest payments – was 2.8 billion euros less than expected. 2015 for interest rates to over 21 billion euros.

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