Germany's Scholz Confident Of Resolving Budget Crisis, Says No Dismantling Of The Welfare ...

And take a look at this video:

... ...

This Google ™ translation feature provided on the Legislative Analyst's Office (LAO) website is for informational purposes only.

Origin: The 2024-25 Budget: California's Fiscal Outlook

More Videos On YouTube

Bullet Points:

Scholz emphasized that there will be no dismantling of the welfare state, despite the need to reduce the budget deficit.

• The minister highlighted the importance of maintaining a strong social safety net, particularly during times of economic uncertainty.

• Scholz's comments come as Germany faces a projected budget deficit of €60 billion for 2023, due to the COVID-19 pandemic and other economic factors.

• The government has already implemented a number of measures to reduce spending and increase revenue, including tax hikes and cuts to public sector wages.

• Despite the challenges, Scholz ### optimistic about the country's ability to resolve the crisis and maintain its commitment to social welfare.

... ...