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Find out how the government wants to ease the bureaucratic burden for citizens and companies.
According to a report from www.boerse.de, Federal Justice Minister Marco Buschmann (FDP) emphasized that a fundamental change in mentality in administrative enforcement is necessary in order to make contact with public administration more pleasant. In his opinion, this is not just about legislative reforms, but also about a different culture of errors in the authorities. He emphasized that both the way in which laws are enforced by the authorities and the cost of compliance must be taken into account. The aim is to promote the reduction of bureaucracy and ease the bureaucratic burden for citizens and companies. This should be achieved, among other things, through shorter retention requirements for certain documents, more digital processes and the deletion...
Find out how the government wants to ease the bureaucratic burden for citizens and companies.
According to a report by www.boerse.de, Federal Justice Minister Marco Buschmann (FDP) emphasized that in order to make contact with public administration more pleasant, a fundamental change in mentality in administrative enforcement is necessary. In his opinion, this is not just about legislative reforms, but also about a different culture of errors in the authorities. He emphasized that both the way in which laws are enforced by the authorities and the cost of compliance must be taken into account. The aim is to promote the reduction of bureaucracy and ease the bureaucratic burden for citizens and companies. This should be achieved, among other things, through shorter retention requirements for certain documents, more digital processes and the deletion of some regulations.
Marco Buschmann's suggestions could have far-reaching effects on the market and the financial sector. A fundamental change in mentality in administration could help speed up and simplify bureaucratic processes. This could result in companies and citizens spending less time and resources on administrative matters, which in turn could lead to increased productivity and competitiveness. In addition, easier rules and regulations could make doing business more transparent and efficient for companies, which could have a positive impact on investment and economic growth.
Buschmann's proposed measures could also affect market conditions, particularly in industries that are heavily affected by regulatory requirements, such as food law or rules for pawnbrokers. Simplifying and relieving reporting obligations for companies could help to stimulate investment and expand entrepreneurial scope for action. Overall, it is expected that the proposed reforms could have a positive impact on the economy and the market by reducing bureaucracy and making administrative processes more efficient.
Read the source article at www.boerse.de