The German Federal Minister of Labour and Social Affairs, Bärbel Bas, has suggested potential tax increases to support the nation’s social security system. However, she emphasized that such measures are not currently on the agenda for the present parliamentary term.
Speaking to the Redaktionsnetzwerk Deutschland network, Bas acknowledged the need for reform and ultimately, increased government subsidies to mitigate rising employer costs. She indicated that the current coalition government’s commitment to exclude tax increases within this legislative period presents a potential long-term challenge.
Despite this, the government remains focused on stimulating economic growth, actively working to counteract the impacts of the global economic climate and fluctuating US trade policies. Officials maintain efforts are underway to ensure a robust economy irrespective of ongoing external pressures.
