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Federal budget 2024: Criticism of subsidy and funding measures - financial experts analyze
According to a report from www.deutschlandfunk.de, the federal government has decided to pass the budget for the coming year. The savings decisions concern, among other things, the elimination of subsidies for agricultural diesel, the abolition of the vehicle tax exemption for agriculture and forestry and the end of the subsidy for the purchase of electric cars. Criticism of these measures is wide-ranging. Particularly noteworthy is the discontinuation of funding for new electric cars by the Federal Ministry of Economics. The bonus was discontinued at short notice and the funding conditions were inadequate for many consumers. The Association of the Automotive Industry, the consumer advice centers and the ADAC criticize this decision and emphasize the financial consequences for those affected. …
Federal budget 2024: Criticism of subsidy and funding measures - financial experts analyze
According to a report by www.deutschlandfunk.de, the federal government has decided to adopt the budget for the coming year. The savings decisions concern, among other things, the elimination of subsidies for agricultural diesel, the abolition of the vehicle tax exemption for agriculture and forestry and the end of the subsidy for the purchase of electric cars.
Criticism of these measures is wide-ranging. Particularly noteworthy is the discontinuation of funding for new electric cars by the Federal Ministry of Economics. The bonus was discontinued at short notice and the funding conditions were inadequate for many consumers. The Association of the Automotive Industry, the consumer advice centers and the ADAC criticize this decision and emphasize the financial consequences for those affected.
In addition, the austerity decisions have also triggered protests among farmers. The end of regulations on agricultural diesel and vehicle tax exemptions has led to demonstrations and tractor protests. The Federal Agriculture Minister has shown understanding for the protests, while the environmental organization Greenpeace considers the abolition of the agricultural diesel subsidy to be “tolerable”.
The federal government's decisions have led to a deep loss of trust among car companies such as Volkswagen and Opel, which had to provide guarantees for environmental bonuses due to the uncertainty.
These measures are expected to have a significant impact on the automotive market, agriculture and the financial sector. Stopping support for electric cars could lead to a decline in interest in environmentally friendly vehicles. The strain on agriculture could lead to economic problems in this sector. The loss of trust in the federal government could also affect investment behavior and economic development in general.
It remains to be seen how the situation will develop, but the federal government's decisions will undoubtedly have far-reaching consequences.
Read the source article at www.deutschlandfunk.de